It is no secret that the national and local economy has caused major difficulties in the business and the real estate markets. People are losing their jobs while the value of their homes is shrinking to a point where a person can owe hundreds of thousands of dollars more than the value of their home. People have incurred mountainous credit card debts hoping to get a job which has not come through. If you are one of these individuals who believes that you are hopelessly buried in debt, bankruptcy allows you to free yourself from this debt and get a “fresh start”.

Bankruptcy matters are handled in federal court and not state court. There are several types of bankruptcies under various chapters of the bankruptcy code. The two types of bankruptcies generally applicable to individuals are a Chapter 7 bankruptcy and a Chapter 13 bankruptcy. A Chapter 7 bankruptcy is usually referred to as “liquidation” bankruptcy and a Chapter 13 bankruptcy is commonly referred to as a “debt adjustment” bankruptcy. To learn more about which form of bankruptcy may be more appropriate for you, click on “Chapter 7 Bankruptcy” or “Chapter 13 Bankruptcy” and read more about it.

The attorneys at The Harrian Law Firm, P.L.C. can assist you in determining whether you qualify for a bankruptcy and, if so, can file the bankruptcy on your behalf. The filing of the bankruptcy will stop any pending foreclosures or lawsuits that may have been filed against you. It will also stop the harassing creditors’ calls at your home or work. The filing of a bankruptcy itself will stop any garnishment proceedings against you. Contact The Harrian Law Firm, P.L.C. for immediate assistance.