SO, WHAT IS BANKRUPTCY?
This is a very common question. Most people have no idea what bankruptcy is if they, or a member of their family, haven't been through a bankruptcy. Bankruptcy is a proceeding that can help a an individual or family restructure or even eliminate some or all of their debt. This is done by filing a bankruptcy proceeding federal bankruptcy court.
There are two types of bankruptcy that are typically filed on behalf of individuals or families. These are Chapter 7 bankruptcy, known as" fresh start bankruptcy," and Chapter 13 bankruptcy, known as reorganization. Consumers can also file an individual Chapter 11 bankruptcy in very limited circumstances.
To explore your bankruptcy options click on the links in the sidebar, or better yet, call or email us today. Our consultations are free, and a consultation will allow you to explore your options in depth and give you an opportunity to get all of your questions answered.