While the word "bankruptcy" tends to scare people away, bankruptcy is a completely legal and honorable way for financially struggling Americans to start fresh towards financial independence. Filing bankruptcy will stop creditors in their tracks. Bankruptcy is an effective way to stop foreclosure, repossession, wage garnishment and those constant collection calls at home and work.


Bankruptcy can

Chapter 7

Chapter 7, also known as a straight or liquidation bankruptcy, is a type of bankruptcy that can clear away many types of unsecured debts. If you're far behind on your bills and don't have the means to afford monthly payments and living expenses, filing Chapter 7 bankruptcy could be a solution to help you reset your finances. 

Chapter 13

Chapter 13 bankruptcy is a repayment plan that allows the debtor to cure defaults on home mortgages, pay taxes, and discharge debts not dischargeable in Chapter 7 while protected from collection action.

Chapter 7 (Small Business)

The benefits of small business bankruptcy Chapter 7 is different depending on how you file. If you are a sole proprietor, it will allow you to wipe out your personal and business debts in one case.