A bankruptcy can help you get a new financial start.

A bankruptcy will stop all collection activities by your creditors against you including: creditor harrassment, garnishments, lawsuits, foreclosures, repossessions, tax collections, medical collections. In general (there are a list of complex exceptions) the "automatic bankruptcy stay" prohibits any collection activities by any of your listed creditors starting the day that you file your bankruptcy with the bankruptcy court.

Bankruptcy may be able to help you protect your wages, house, car, furniture, and more.

A bankruptcy can help you get a fresh start by discharging debts fully or partially, or by restructuring debt so that you can pay it over time. A Chapter 7 bankruptcy can eliminate most and many times all of your unsecured debt and secured debt (when you surrender the secured item). A Chapter 13 bankruptcy can eliminate some or all of your unsecured debt and secured debt (when you surrender the secured item) by completing a 3 to 5 year Chapter 13 payment Plan and re-structure your debts so that you can keep your secured property. Please see the information on this site about Chapter 7 and Chapter 13 bankruptcy.