Personal bankruptcy offers two important protections for debtors: the Automatic Stay and the Debt Discharge.
The bankruptcy discharge is the end result of filing bankruptcy: legal forgiveness for certain debts.
The process and effects of a debt discharge varies depending on the chapter of bankruptcy, but it generally excuses the debtor for any personal liability to repay creditors. It also prevents creditors from trying to collect on debts that have been discharged by the bankruptcy court.
Protect Your Financial Future - Learn How Bankruptcy Could Help
Like any major financial decision, filing for bankruptcy demands your careful consideration. Clear Bankruptcy offers you a starting point for learning about the possible benefits of bankruptcy. And, when you're ready to learn more, we can help you take the next step.
We can connect you with a personal bankruptcy lawyer practicing near you! All you have to do is click on the banner below or call us at 877-833-2410, and we'll put you in touch with a bankruptcy attorney near you.
For more details about the bankruptcy debt discharge and filing bankruptcy, visit the follow pages:
- Debt Discharge Overview
Learn about the debt discharge in Chapter 7 and Chapter 13 bankruptcy, and how personal bankruptcy may protect you from creditors.Learn More
- Your Home
Learn how filing bankruptcy may help protect against mortgage foreclosure while giving homeowners opportunity to repay debts.Learn More
- Your Retirement
Discover how important retirement savings is - and the protections bankruptcy offers for most retirement accounts.Learn More
- Filing Bankruptcy during Retirement
Examine the special considerations retirees face in making long-term financial decisions.Learn More
- Life After Bankruptcy
How to rebuild credit and repair your finances after filing bankruptcy.Learn More