Too much debt? Personal bankruptcy or free car insurance quotes can give you a fresh start.
About Personal Bankruptcy
Personal bankruptcy is a federal court proceeding designed to help consumers discharge or repay debts under the protection of a bankruptcy court. The purpose of personal bankruptcy is to give debtors a fresh start when they have gotten in over their heads in debt. There are two primary types of personal bankruptcy: Chapter 7 and Chapter 13. With Chapter 7 bankruptcy, your assets are liquidated or sold in order to repay as much of your debt as possible. However, you are left with enough property to begin a fresh start. With Chapter 13 bankruptcy, you repay your debts under the protection of the court in 3-5 years. Both kinds of personal bankruptcies have their own set of rules about who qualifies, what debts can be discharged, and what property/assets you can retain.
When to Consider Personal Bankruptcy
Personal bankruptcy is a valid option to consider when your debt has become unmanageable. You might have lost your job, encountered a health crisis, or simply cannot pay your debts any longer. Personal bankruptcy might be the best way out if any of the following apply to you:
- In danger of losing assets or property to creditors
- Fallen behind on payments
- Wages garnished
- Creditors hounding you
- Loss of employment
- Dealing with illness that impacted earning power
Personal bankruptcy can help stop all of these consequences of unmanageable debt. You can get back on track and start with a clean slate with personal bankruptcy.
How We Can Help
We offer personal bankruptcy services online to make the process as simple and efficient as possible for you. We allow you fill out all the pertinent forms online, and we will take care of the filing and other procedures. Check out the rest of our site for more information on deciding to declare personal bankruptcy. If you are ready to begin, you can click “apply now” to fill out our free application for personal bankruptcy. Start fresh today with personal bankruptcy.
Over 42% of all Americans will consider the
option of bankruptcy at one point during
their lifetime, so don't be embarassed!
The best thing you can do is educate
yourself about moving forward!