Should I File for Bankruptcy?

If you have overwhelming debt and your creditors are bothering you, everyone you know and their dog about your debt, bankruptcy might seem like a magic wand that will fix all your financial troubles. Bankruptcy also has its shortcomings though and there is no magic formula that is going to tell you whether you absolutely should or should not file. Everyone’s situation is a little bit different. For many, the need and advantage of bankruptcy will be obvious, for others, it will only be a decision they reach after closing examining their property, debts, income, and how persistent their creditors are. For some people, bankruptcy might not even be the right answer. This site is here to help you decide what option is right for you.
This site helps you explore the two types of bankruptcies most often filed by individuals: Chapter 7 and Chapter 13.
Here are some issues or questions you are likely to face:
• Whether you are eligible to file,
• How bankruptcy will affect your credit,
• How bankruptcy will affect your personal life,
• What will happen to your home,
• What will happen to your car,
• What will happen to your essential property,
• Which debts will not be wiped out, and
• Whether you can represent yourself without a lawyer.

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