{"id":286812,"date":"2016-04-04T10:41:50","date_gmt":"2016-04-04T15:41:50","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/bankruptcy.html"},"modified":"2024-12-04T18:39:35","modified_gmt":"2024-12-04T23:39:35","slug":"bankruptcy","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/bankruptcy.html","title":{"rendered":"Bankruptcy"},"content":{"rendered":"
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  1. \n FindLaw <\/a>\n \/<\/span>\n <\/li>\n
  2. Bankruptcy<\/li>\n <\/ol>\n\n <\/div>\n <\/div>\n \n
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    Bankruptcy<\/h1>\n

    Bankruptcy is a legal way to get rid of most of your current debt, stop harassment from creditors, and start fresh.<\/p>\n<\/p>\n <\/div>\n

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    \n Find a Qualified Attorney Near You\n <\/h2>\n <\/div>\n
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    Find a Qualified Attorney Near You<\/h2>\n \n Search by legal issue and\/or location\n <\/p>\n \n Enter information in one or both fields. (Required)\n <\/p>\n
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    \n \n \n \n Name Search\n <\/a>\n <\/li>\n \n \n Browse Legal Issues\n <\/a>\n <\/li>\n \n \n Browse Law Firms\n <\/a>\n <\/li>\n \n \n Support\n <\/a>\n <\/li>\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n \n <\/i>\n <\/button>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n<\/div>\n\n
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    Facing Debt? Start With the Right Information.<\/h2>\n

    Bankruptcy is a federal court procedure. You will file documents with the bankruptcy court and wait for their approval. Then, you will either have debts dismissed or agree to a repayment plan. Learn about the different bankruptcy chapters and what to expect before making your decision.<\/p>\n\n <\/div>\n<\/div>\n\n\n \n\n

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    \n \"\"\n<\/img>\n Basics<\/span>\n
    \n <\/i>\n \n What Is Bankruptcy?<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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    \n <\/i>\n <\/div>\n
    \n \n Benefits of Bankruptcy\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n When Should I File for Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n What Happens When You File for Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n How Bankruptcy Can Help Stop Foreclosure\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Can Filing for Bankruptcy Clear Credit Card Debt?\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n\n \n\n
    \n \"\"\n<\/img>\n Remove Debt<\/span>\n
    \n <\/i>\n \n Chapter 7 Bankruptcy<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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    \n <\/i>\n <\/div>\n
    \n \n Who Can File for Chapter 7 Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n What Is a Chapter 7 Debt Discharge?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Advantages and Disadvantages of Chapter 7 Bankruptcy\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Chapter 7 Bankruptcy Rules\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n\n \n\n
    \n \"\"\n<\/img>\n Repay Debt<\/span>\n
    \n <\/i>\n \n Chapter 13 Bankruptcy<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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  12. \n
    \n <\/i>\n <\/div>\n
    \n \n Who Can File for Chapter 13 Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Filing Chapter 13\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Repayment Plans\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Exempt Property in a Chapter 13 Bankruptcy\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Reasons to File for Chapter 13 Instead of Chapter 7\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n\n \n\n
    \n \"\"\n<\/img>\n Consider Options<\/span>\n
    \n <\/i>\n \n Before You File Bankruptcy<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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    \n <\/i>\n <\/div>\n
    \n \n Consider Your Debt Relief Options\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Meeting Your Attorney: How To Prepare\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Avoiding Credit Repair and Credit Counseling Scams\n <\/a>\n <\/div>\n <\/li>\n
  20. \n
    \n <\/i>\n <\/div>\n
    \n \n Documents To Show to Your Bankruptcy Attorney\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Sample Cease Communications Letter To Creditor\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n\n \n\n
    \n \"\"\n<\/img>\n Get Back on Track<\/span>\n
    \n <\/i>\n \n After You File Bankruptcy<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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  22. \n
    \n <\/i>\n <\/div>\n
    \n \n What Happens After Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n \n How Soon Will My Credit Score Improve After Bankruptcy?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Buying a House After Bankruptcy: How Long Will You Need to Wait?\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Emotional Effects of Bankruptcy\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n\n \n\n
    \n \"\"\n<\/img>\n Business Help<\/span>\n
    \n <\/i>\n \n Business Bankruptcy<\/span>\n <\/h3>\n <\/div>\n <\/div>\n <\/a>\n\n
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    \n \n Chapter 11: For Companies with Business Debt\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Chapter 12: For Family Farms and Fisheries\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Chapter 9: For Cities and Towns\n <\/a>\n <\/div>\n <\/li>\n
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    \n \n Chapter 7: For LLCs\n <\/a>\n <\/div>\n <\/li>\n
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    \n <\/i>\n <\/div>\n
    \n \n Corporate Bankruptcy: What Investors Should Know\n <\/a>\n <\/div>\n <\/li>\n <\/ul>\n <\/section>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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    State Debt Exemptions & Important Laws<\/h2>

    Learn about your state’s exemptions, and how to file bankruptcy.
    \nSelect your state below<\/p>\n<\/div>\n <\/div>\n

    \n \n Show All States<\/span>\n <\/i>\n <\/button>\n