Filing Bankruptcy
Your First Step in Finding Debt Relief
The decision to file bankruptcy to address debts is a serious one, and a local bankruptcy lawyer may be your source of information to help you make the right decision for your family.
Filing bankruptcy may give you the chance to get a fresh financial start or catch up on secured debts. A local bankruptcy lawyer can help you examine whether filing Chapter 7 or Chapter 13 bankruptcy could provide you with the financial relief you deserve.
Bankruptcy Attorney Contact Form
Simply fill out the form below, and we'll connect you with a nearby bankruptcy attorney who can help you explore the option to file bankruptcy and what it may be able to do for you.
How Bankruptcy May Wipe Away Debt Worries
- Are you wondering if you should file bankruptcy to help address your pesky debts?
- Are you unsure whether you should file Chapter 7 or Chapter 13 bankruptcy?
- Are you a intimidated by the possibility of having to file bankruptcy?
If so, don't worry - you're not alone and you have more power than you may think. The U.S. Bankruptcy Code provides relief to people in financial trouble through two different consumer protections:
- Chapter 7 bankruptcy, which is used to discharge credit card and other unsecured debt, and provide a fresh financial start.
- Chapter 13 bankruptcy, which allows some people to keep their homes and cars while ensuring the breathing room to catch up on debts over time.
As you will see below, a lot of Americans have decided to file bankruptcy in the past months in order to break free from their mounting debts.
Filing Bankruptcy Has Helped Millions of Americans
More and more people have chosen to file bankruptcy in the wake of unemployment, medical bills and the overall problems with the economy.
Take a look at the following statistics from the American Bankruptcy Institute to understand just how many people have recently made the decision to file bankruptcy to attain a fresh financial start.
- Consumer bankruptcy filings are on the rise once again — there were 266,767 bankruptcy filings in the second quarter of 2008 as compared to 236,892 filings in the first quarter of the year.
- Consumers who filed bankruptcy under Chapter 7 of the U.S. Bankruptcy Code accounted for 67.61% of all consumer bankruptcy filings in the second quarter of 2008. In comparison, Chapter 7 bankruptcy filings accounted for 64.37% of all consumer bankruptcy filings in the first quarter of the year.
- In the 12 months ending on June 30, 2008, Chapter 13 bankruptcy filings increased 17% over the year before, rising from 294,693 Chapter 13 filings to 344,421 filings.
- In total, nearly 1.5 million consumers filed bankruptcy in 2009.
Bankruptcy's Automatic Stay
If you are considering file bankruptcy, you should know that in most cases, an automatic stay is entered.
What is the automatic stay and what does it mean for bankruptcy petitioners?
Basically, the automatic stay is a court order prohibiting further collection actions after a bankruptcy case is filed.
This means that creditors can no longer pursue collection actions—the harassing phone calls, collection letters, fear of repossession and even most lawsuits and wage garnishments stop.
Should You File Bankruptcy? Take the Next Step & Speak with a Local Bankruptcy Lawyer
A bankruptcy lawyer in your area can help you understand your options and advise you on your case.
Having a bankruptcy attorney on your side may help you learn how filing bankruptcy may specifically help you, what type of personal bankruptcy may make more sense to your situation, and what you need to do if you are to file bankruptcy.
By simply visiting Clear Bankruptcy, you've already taken a positive step. Now, keep the momentum going. Let us connect you with a local bankruptcy lawyer today.
The next step begins by filling out our free bankruptcy case evaluation form on this page.