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Bankruptcy
Each year millions of Americans face overwhelming or staggering debt, including high interest payday loans, medical bills, and credit card debt. Often these challenges lead to pending foreclosure, automobile repossessions, garnishments, or other collection actions.
Filing for bankruptcy will stop foreclosures and garnishments immediately in most cases. Most consumers can get a fresh start using either Chapter 7 (liquidation) or Chapter 13 (reorganization) bankruptcy.
Millions of people have received a fresh start through bankruptcy. The need to file for bankruptcy can happen to anyone. To see a list of famous people from all walks of life that have filed bankruptcy click FAMOUS PEOPLE FILING BANKRUPTCY.
The myriad of bankruptcy terms are confusing. See our GLOSSARY OF TERMS to better understand all those unfamiliar terms.
