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The Bankruptcy Process in the United States

Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court. The process generally includes:

• Evaluating your financial situation and exploring alternatives.
• Determining which type of bankruptcy (Chapter 7, Chapter 13) is right for you.
• Filing the necessary paperwork with the court.
• Attending credit counseling and debtor education courses.
• Going through the court process, including meetings with creditors.
• Receiving a discharge of eligible debts.

Here are some of the legal term definitions that might be helpful to understand - legal terms

Our platform hopes connects you with experienced bankruptcy attorneys and law firms who can guide you through this process with confidence.