What is Banktruptcy

Bankruptcy is a powerful tool available for debt relief. When a person has accumulated so much debt that he can no longer pay the bills when they are due and the debt becomes overwhelming, bankruptcy can provide a fresh financial start. Bankruptcy will stop the harassing calls and letters from debt collectors, repossession efforts, foreclosures, wage garnishments, and lawsuits.

Bankruptcy is a court process. The bankruptcy court is part of the federal court system and government by the federal rules of procedure.

Bankruptcy is available to people who have more debts than assets or who have insufficient income to pay their debt payment obligations when they become due.

There are different kids of bankruptcy available for different situations. Some people may qualify for one type of bankruptcy but not another type of bankruptcy.

To learn whether you qualify for banktuptcy, which type of bankruptcy you qualify for and which type of bankruptcy is the best option for you, Contact Us today!