Bankruptcy can generally STOP most:
- Collection calls, threatening letters
We can also solve many tax problems, debts left over from divorce, and even address some student loans and back child support. In many cases, you can keep all of your property and make a “fresh start.”
Remember that in most years, more than a one and a half million families, and many major corporations, (like Border’s, Lehman Brother’s, TWA, Macy’s, Texaco and others) found that they could not pay their debts as hoped.
For some people it was layoffs and cutbacks, for others it was illness or unexpected expenses, or less-than-perfect planning, or the slow economy. But whatever the reason, they all took advantage of Chapters 7, 11, or 13 of the Bankruptcy Code to make a fresh start, while keeping all or most of their property.
Further Reading: Are You Afraid to File Bankruptcy?