Bankruptcy Basics

Welcome to – here we strive to deliver quality information about bankruptcy in an easy-to-read format so you can understand your options. Before you begin, you should understand that all information presented here (or really anywhere online) is just a starting point. It is critical that you talk to a speak to a local bankruptcy attorney about your situation. Every state has different laws, and everyone’s situation is different. Deciding on your best course of action should always include a free case evaluation from an attoeny, at the very least.

Questions about Bankruptcy

Do you have questions about bankruptcy? Bankruptcy is a confusing and stressful process, but with the right information you can get through it! Read some of our bankruptcy answers and you’ll start to feel in control of your situation.

Once you’re ready, be sure to schedule your free bankruptcy consultation with a local attorney.

Should I Consider Bankruptcy?

If you need to read up on the bankruptcy basics, start with these articles. They will give you a good overview of the bankruptcy process and get you ready to speak to an attorney. If you are considering bankruptcy, the best thing you can do is talk to a local attorney about it.

  • When should You Consider Bankruptcy?
  • Why is Bankruptcy a Good Option?
  • What are the Alternatives to Bankruptcy?
  • How do I File Bankruptcy?
  • Chapter 7 vs Chapter 13 Bankruptcy
  • What Debts can I Discharge through Bankruptcy?

Thousands of Americans consider bankruptcy every single day, and many of them decide that it is their best option. It is no secret that many of us are struggling with bills and debt that we simply cannot overcome due to the slow economy and weak job market. If you find yourself in that situation, take heart in knowing the the bankruptcy laws are designed to help people exactly like you!

By filing bankruptcy, you may be able to eliminate many of your bills and debts, and give yourself a fresh start. An attorney can help you identify exactly what debts can be eliminated, but in general you can get rid of medical debt, credit card debt, car payments and home payments. In some cases you may have to sacrifice possessions like your car or house to eliminate debts you owe on them.

The question of “what happens to my credit score after bankruptcy” is a common concern. It is quite common to worry about getting loans in the future, or how it will effect your ability to get a job or services like cell phone contracts. In truth, many people who file for bankruptcy end up improving their credit score over time. Eliminating the bills you can’t afford to pay is the only way to begin the process. Your bankruptcy will appear on your credit report for a time, and it will negatively impact your credit score, but over the course of the coming years you can rebuild from a new, solid base. Ready more here: how does bankruptcy effect my credit?

Help me File Bankruptcy

If you feel comfortable with the bankruptcy basics, and are looking to get started with the process, the first thing to do is speak to a local attorney who can give you a free case evaluation. We can help you speak to up to three attorneys in your area, just complete our Free Case Evaluation form. Once you’ve completed the form, you will be contacted by our partners at Total Bankruptcy who will help you find local bankruptcy attorneys and get scheduled for a free consultation.

Different attorneys charge different fees, offer different payment plans and progress at different speeds. In most cases you will find that bankruptcy attorneys are willing to offer you some sort of flexible payment term to make sure you can afford the legal fees associated with bankruptcy.