What Is Bankruptcy And What Can It Do For You?

Bankruptcy is a legal process that is available to people who are unable to pay their debts and allows them to make a fresh financial start.  Bankruptcy is a creation of Federal law, as such it is controlled by Federal Law and handled in Federal Bankruptcy Courts.  The filing of bankruptcy stops creditors from collecting debts, at least until after a person’s debts are sorted out according to applicable bankruptcy laws.

Bankruptcy allows people to discharge or eliminate the obligation to repay some or all of their Continue reading