Benefits of Bankruptcy
Filing for bankruptcy is a complicated, emotional process. It involves more work than most people realize and can have serious effects on your financial life for years to come. To determine whether or not filing for bankruptcy is the best option for you, you should review information on what bankruptcy can and cannot do to improve your financial situation. After taking a look at the resources below, you may find that your situation doesn't require filing for bankruptcy, or that bankruptcy won't have the effects that you desire. On the other hand, you may find that filing for bankruptcy could help you out of a difficult financial bind.
- Is Bankruptcy a Good Idea for You?
A primer to help you decide whether bankruptcy is the right option for your situation. Learn about what the different types of bankruptcy can do for you, alternatives to filing, and more.
- Facing Foreclosure? How Bankruptcy Can Help
A look at how bankruptcy can delay or prevent foreclosure. Learn how the automatic stay can affect foreclosure, what happens if a lender files a motion to lift the stay, and how homestead exemptions work.
- The Debt Discharge in Bankruptcy FAQ
A collection of commonly asked questions about how the debt discharge works in bankruptcy. Find answers to your questions about how a discharge is granted, what kinds of debts are discharged, and more.
- The Automatic Stay: Stopping Creditors with Bankruptcy
Learn how filing for bankruptcy automatically protects you from creditors. This article offers an overview of what the automatic stay can do for you, including stopping eviction, foreclosure, and wage garnishment.
- Bankruptcy Tools Available to You
A guide to what bankruptcy can and cannot do to improve your financial situation. Learn how credit card and other unsecured debts are treated, how bankruptcy can stop creditor harassment, and more.
- Eliminating Tax Debts in Bankruptcy
A look at how tax obligations are handled in bankruptcy. Find out which kinds of tax debts may be discharged, which tax debts are ineligible for discharge, and how federal tax liens are treated in bankruptcy.