Consumer Bankrupcty

What is Bankruptcy?
Bankruptcy is a legal proceeding available to a person or corporation in order to cope with a financial crisis. One of the main purposes of bankruptcy legislation is to afford the opportunity to a person hopelessly burdened with debt and give him or herself a fresh financial start.

What happens to my debts?
Most collection actions, lawsuits and wage garnishments are suspended upon filing bankruptcy. Your creditors will be advised to stop contacting you and to deal directly with your trustee. In most cases, upon your discharge from bankruptcy, your are released from all debts.

Do I qualify?
Bankruptcy is a legal process which provides the bankrupt with immediate relief from most legal actions by creditors. It is intended to provide the honest debtor with the ability to start over by eliminating most, if not all, of his or her debts.

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