What Can Bankruptcy Do for Me?
Bankruptcy may make it possible for you to:
- Eliminate the legal obligation to pay most or all of your debts. This is
called a "discharge" of debts. It is designed to give you a fresh financial
start.
- Stop wage garnishment, debt collection harassment, and similar creditor
actions to collect a debt.
- Stop a utility disconnection or force a utility company to re-connect you.
- Stop foreclosure on your house or mobile home and allow you an opportunity
to catch up on missed payments. (Bankruptcy does not, however, automatically
eliminate mortgages and other liens on your property without payment.)
- Prevent repossession of a car or other property, or force the creditor
to return property even after it has been repossessed.
