About
Bankruptcy is the legal method by which a debt-ridden person may eliminate debt and obtain a new financial beginning.
The filing of bankruptcy will immediately stop the efforts of creditors from seeking to collect upon debts. In most cases, bankruptcy will completely eliminate the debt one owes to creditors. Federal law provides the right to file for bankruptcy and all bankruptcy cases are handled in federal court.
Bankruptcy may make it possible for you to do the following:
Eliminate the legal obligation to pay most or all of your debts. This is called a " discharge" of debts. It is designed to give you a fresh financial star