Bankruptcy is one of the most effective forms of debt relief available - it allows people to get a fresh start by
forcing an individual's creditors to either forgive their debt partially/completely or accept delayed repayment terms.
Bankruptcy is frequently used by people who are overcome by financial hardship caused by the prolonged job loss, death of a spouse, divorce,
small business failure or unexpected medical expenses caused by prolonged illness/hospitilization.
Bankruptcy is a legal proceeding where you will be represented by a bankruptcy attorney.
The bankruptcy attorney will help you prepare your case for presentation in court.
For Individuals there are two types of bankruptcy: