Consumer Bankruptcy

Filing for consumer bankruptcy can offer relief to individuals struggling to pay their debts, whether it be from loss of employment, illness, divorce or any other financially stressful circumstance. Bankruptcy allows individuals to put a stop to harassing collection efforts, avoid foreclosure in certain circumstances and get a fresh start. However, bankruptcy is not the right answer for everyone facing financial difficulty. Consumer bankruptcy most often involves filing for either Chapter 7 or Chapter 13, and each option has its pros and cons. Making the decision to file for bankruptcy is an important one and one that you shouldn’t make until you are fully informed about all of your options.

This section contains additional details about consumer bankruptcy to help you make an informed choice.

Chapter 13 Bankruptcy► Learn More

Secured Debts in Chapter 13 Bankruptcy
Who is eligible to file a Chapter 13 bankruptcy?

Chapter 7 Bankruptcy► Learn More

Secured Debts in Chapter 7 Bankruptcy
Can I file Chapter 7 if I have no property or assets to turn over to the trustee?

Bankruptcy Automatic Stay► Learn More

Automatic Stay in Bankruptcy - Stopping Creditors
How long is an automatic stay in bankruptcy?

Bankruptcy Procedure► Learn More

What is involved in the bankruptcy process?
The Bankruptcy Means Test - How Does It Work

Bankruptcy & Credit► Learn More

How long does a bankruptcy stay on your credit report?
Removing a Bankruptcy From Your Credit Report