Bankruptcy is a legal process in which consumers and businesses can eliminate or repay most if not all of their debts under the protection of the federal bankruptcy court. Typically, declaring bankruptcy provides a fresh start. Though it may lead to some life changes that are not so perfect, it can lead a much greater future:
Being debt free!
*This section provides information and tips designed for Chapter 7 bankruptcies. As always, every credit report and situation is unique. Be sure to consult an attorney to accurately understand your case.