About Bankruptcy

There are several types of bankruptcies available under Title 11 of the United States Bankruptcy Code (Chapter 7, Chapter 9, Chapter 11, Chapter 12, and Chapter 13). Chapter 7, literally titled liquidation, is most commonly associated with debt elimination. If one qualifies, a Chapter 7 bankruptcy is a great tool to allow financially
overwhelmed consumers to start anew.
The truth is that situations arise that may significantly impact one’s financial ability to progress. Bankruptcy may be
an option helpful in many situations including, but not limited to:
• Overwhelming medical bills
• Creditor’s constant calls
• Driver’s license suspensions
• Utility shut offs
• Parking tickets
• Garnishment
• Threat of repossession
• Foreclosure
• Creditor’s collection