Bankruptcy is a very old idea that if someone is truly not able to pay their debts, they should be given another chance instead of being harassed by creditors for the rest of their lives. Conceptually, bankruptcy relates back to The Old Testament which provides that debts are to be forgiven in the seventh year. When the United States Constitution was written, our founding fathers thought the right to file for bankruptcy relief was so important, they established bankruptcy before even considering freedom of speech or religion.

Our modern bankruptcy laws offer a legitimate solution for many Americans who find themselves unable to pay their bills and wish to make a fresh start. Bankruptcy allows you to eliminate much of your debt and gives you time to get back on your feet without harassment by creditors.  

There are two main types of bankruptcy available to individuals; Chapter 7, straight bankruptcy and Chapter 13, debt consolidation. In both cases, creditors are immediately prohibited from contacting you at work or home upon filing your case.