Local Law Firms Home > Bankruptcy Debt Relief Overview > Bankruptcy and Credit Repair Help > Bankruptcy Usually, most debtors find that the only option that they have to save their homes, cars and other assets is to file for bankruptcy. If you have valuables that have no equity, meaning the courts cannot sell the item to pay off your accounts, then you are unlikely to lose your possessions. However, if you find yourself drowning in debt and unable to keep up with your monthly payments—whether it be the result of a job loss, divorce, death in the family, unexpected medical expense or other event—bankruptcy may be the best option for you.
Our bankruptcy law attorneys can evaluate your situation and determine if bankruptcy is the best option for you. If you wish to avoid bankruptcy, our lawyers can help you explore other options. If you do decide to declare bankruptcy, we can make sure the process is done correctly and we can take care of all the legal aspects surrounding a bankruptcy declaration. Did you know? Bankruptcy will not ruin your credit. While it is true that a bankruptcy filing does stay on your credit report for ten years, it is also important to understand that immediately after declaring bankruptcy, you have will have given yourself a fresh start. |