Bankruptcy is an important tool in resolving your debt problems, but it can also have lasting effects on your financial life. For example, filing will likely wreck your credit for years after the bankruptcy. Before taking the plunge, you should read up on what bankruptcy can do for you and what it cannot. This section offers in-depth explanations of the bankruptcy process, the pros and cons of filing, and alternatives to bankruptcy. You’ll find articles on making a budget, paying down your debts, filing for bankruptcy, the differences between Chapter 7 and Chapter 13, life after bankruptcy, and more.