Bankruptcy lets you start fresh
No one wants to go bankrupt. But if you have no hope of repaying your debt, bankruptcy lets you make a fresh financial start. We’ll review your situation and help you decide.
Bankruptcy is a legal process. To go into bankruptcy, you must be insolvent. This means you must owe at least $1,000, and:
- You cannot pay your debts as they are due;
- Your debts are greater than your assets; and
- You are not already bankrupt.
As soon as you file for bankruptcy, creditors must stop harassing you. You are also protected against garnishment, lease termination, loan accelerations and public utility disconnections.
You may have heard about bankruptcy from friends and others. Some of this information could be wrong. Talk to us to learn the truth.