The Bankruptcy process can seem difficult and burdensome. Yes, it is a complicated legal process, it is public, and for many people because Bankruptcy is public it feels embarrassing. However, bankruptcy is a financial tool which can give you a financial fresh Start and peace of mind.

The types of personal bankruptcy include Chapter 7 and Chapter 13, and in some cases an individual Chapter 11. All are options for consumers seeking to get debt relief.

Typically people associate bankruptcy with Chapter 7, “liquidation”; yet since the passage of the Bankruptcy Reform Act in 2005, Chapter 7 is not as readily available to all persons seeking relief, depending on their income level, among other factors.

The Bankruptcy Reform Act of 2005 has provisions which may not let you file a Chapter 7, rather, require you to file a Chapter 13 case. It all depends on your financial situation. Since bankruptcy is a financial tool, for some individuals with a great deal of assets whom need to reorganize their financial situation, a Chapter 11 may provide you the ability to re-structure your financial situation.

If you're considering bankruptcy because you want to save your home from foreclosure, depending on your financial situation, a Chapter 13 and Chapter 11 can provide a plan to repay your behind secured debt, and in some cases, remove, or “Strip” unsecured liens from your property.

We have provided a more detailed overview to the various chapters for your better understanding.

Whether you're considering bankruptcy, and are not sure if it is right for you, we encourage you to contact us or another bankruptcy professional. Our experience is that bankruptcy is sometimes not a good choice for some people, and alternative financial solutions may be more applicable to a clients situation other than bankruptcy. We are here to assist you.

We also encourage you to read over the bankruptcy information within our website. The overview for Chapter 7 and Chapter 13 may be a bit clinical, but we feel it is important information you need to know to make an informed choice. Also we ask you to look at the “How to prepare, and what to bring to your bankruptcy consultation” and, the “Timeline” sections of this site, so you can be more informed about the process and procedure. Thank you for visiting our site, and remember, bankruptcy financial tool to help you.