Many people think of bankruptcy as a bad word, but in truth, bad things sometimes happen to good people. Even the most fiscally responsible people can find themselves in a tight spot after being laid off from their job, going through a divorce, being injured, or suffering an illness. Through no fault of your own, you can find your savings gone and yourself underwater financially.
If you need relief from debt, bankruptcy may be the answer to your problems. Whether you feel prey to a credit card with hidden fees and a high interest rate, or misfortune has taken your job, spouse, or health, you may find that the best way to get a clean slate is to file for a personal Chapter 7 or Chapter 13 bankruptcy.
You can start taking back control of your finances and rebuilding your credit score. Though you can legally file for bankruptcy yourself, it is not recommended.