What is Bankruptcy?

Bankruptcy is a legal process that a person or other entity can go through when they cannot repay the debts they owe to creditors. It is a court ordered protection which allows the filer to get relief from their debt and get a fresh start. Though bankruptcy can eliminate most kinds of debts such as credit card debt, medical bills, and unsecured loans, there are some types of debts including child support and spousal support obligations that cannot be wiped out in bankruptcy. Call us for more information so that we can talk with you about your specific situation confidentially.