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Personal Bankruptcy: Defy Debt

Talk to a Local Bankruptcy Attorney Today—Free

Personal bankruptcy is an option that millions of Americans have used to eliminate unmanageable debts, or stop home foreclosure. Take the first step today — Simply fill out the form below to connect with a local bankruptcy lawyer for a free case evaluation.

Ask a local bankruptcy attorney about how Chapter 7 bankruptcy has helped millions of people eliminate credit card debt, medical bills and other unsecured debt, or how Chapter 13 bankruptcy has helped others keep their homes, cars, and other property while catching up on past due balances—and how they may be able to help make sense of your financial situation.

By filing bankruptcy, you may be able to regain financial independence and put an end to harassing phone calls from creditors.

Popular Bankruptcy Topics:

• Automatic Stay: How bankruptcy protections can silence creditors and stop foreclosure
• Chapter 13 Rules: How filing Chapter 13 bankruptcy can create a manageable debt plan
• Bankruptcy Exemptions: Chapter 7 property exemptions can help you keep your home and other important items
• Filing Bankruptcy Basics: Understand the bankruptcy process and how it can eliminate debts
• Bankruptcy Means Test: Determine if you're eligible to file under the Chapter 7 mean test
• Bankruptcy & Families: the affect that debt can have on families
• Median Income: State bankruptcy laws and how income levels affect bankruptcy

Bankruptcy Filing Options: Chapter 7 vs. Chapter 13 Bankruptcy

Chapter 7 bankruptcy and Chapter 13 bankruptcy provide two different ways to regain control of debt. From working to eliminate unmanageable credit card or medical debt to preventing repossession or foreclosure, bankruptcy laws allow you to exercise your rights under Chapter 7 or Chapter 13 bankruptcy.

Learn about the Chapter 7 vs. Chapter 13 Bankruptcy, their differences, and how they may be able to help your financial situation.

The Automatic Stay may Halt Foreclosure

Bankruptcy may provide immediate relief from creditor harassment. In most cases, when a person files a Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay order, which prohibits any further collection action by creditors.

The automatic stay was designed to:

• STOP Foreclosure & Repossession
  
• HALT Many Lawsuits, Wage Garnishments
  
• SILENCE Creditors (no more harassing phone calls, letters, etc.)
  

Speak to a bankruptcy lawyer about your debt-relief options.

Bankruptcy May Protect Against Creditors

Millions of Americans have sought the protection of the U.S. Bankruptcy Code. It's designed to deliver protection to people in financial jeopardy.

Bankruptcy often provides relief to those who've been affected by divorce, job loss, identity theft, excessive medical debt, disability or to those who've had a hard time juggling high interest rates and late fees.

A combination of events often contributes to financial woes: some seemingly manageable credit card debt can become insurmountable when combined with a job loss through unemployment or a medical emergency. You may not have been able to control the factors that left you in debt, but you can take control now.

The U.S. Bankruptcy Code may be able to provide you with a new beginning. Ask a local lawyer about how the bankruptcy laws may be able to work for you.

Personal Bankruptcy Requirements

The U.S. Department of Justice has announced new state median income levels for debtors taking the Chapter 7 means test.

One requirement when filing personal bankruptcy is the means test: an assessment of income, assets and debts, based on state and family size.

Debtors who pass the means test generally may file Chapter 7 bankruptcy for a debt discharge. Debtors who do not pass generally file Chapter 13 bankruptcy for a debt repayment plan.

Life After Filing Personal Bankruptcy

If you're considering filing personal bankruptcy as a solution to your debt, you likely have questions about what happens after. Many wonder about bankruptcy's effects on their:

• Credit and credit score
• Job and employment options
• Ability to buy a home or rent an apartment
• Family

Explore our section on life after bankruptcy and find out more about these issues. For specific concerns, connect with a local bankruptcy lawyer to discuss your situation.

Learn More with a Local Personal Bankruptcy Attorney

Learn more about the options available to you under U.S. Bankruptcy Code—connect with a local attorney today. Call us at 877-833-2410 or simply fill out our free bankruptcy case evaluation form to speak with a local bankruptcy lawyer who can evaluate your case.

Latest Bankruptcy & Financial Information from Clear Bankruptcy

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