Bankruptcy Debt Relief, Learn about Government created Debt Solutions

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The US Government created Bankruptcy Debt Relief to Stop Runaway Debt

Bankruptcy debt relief is established by the US Government in the Constitution. Article 1, section 8 of the US Constitution grants the Congress the authority to establish and maintain Bankruptcy laws. Under these laws, a person can file for debt relief, even if they can't afford an attorney.

A growing number of people are filing bankruptcy without attorneys successfully.

As a Bankruptcy Petition Preparer, once you have made the decision to file for Bankruptcy Debt Relief, I will work with you to create your petition to file with the courts. I will also work to ensure you are aware of any additional court requirements, so that you remain in compliance. I can be contacted by using the button to the left to start the process. Even if you just have questions, contact me and we can discuss them.

According to the American Bankruptcy Institute, between the years of 2000 to 2010, 14,881,097 bankruptcies were filed by individuals and businesses seeking debt relief in the United States alone. This number represents more than three times the number of people living in Los Angeles and almost twice as many people that live in New York City.

People file for bankruptcy to stop harassment by creditors, lawsuits, and evictions. Another reason people file for bankruptcy is to protect their property. A lot of people are under the misconception that if they file bankruptcy they will always lose all their property. This is simply not true. US law establishes exemptions to allow people to protect a portion of their home equity, their car, furnishings and household goods, even retirement assets, such as pension plans, 401ks and IRAs. It is important to note that, the amount and specifics of each exemption can vary drastically from one bankruptcy court to the next.

Some very well-known companies in the United States who have filed for bankruptcy include: Enron, Washington Mutual Bank, Chrysler, IndyMac, CIT Group, General Motors, WorldCom, amongst others. Even celebrities have filed for bankruptcy. The following is only a small portion of the celebrity list: Donald Trump (four times since 1991 - possibly a record), Mickey Rooney, Willie Nelson, Tom Petty, Kim Basinger, Francis Ford Coppola, Walt Disney, and United States President Ulysses S. Grant filed bankruptcy after leaving office.

I hope this website provides you with valuable information regarding bankruptcy and it’s process. New information will be added to this site periodically, in an ongoing effort to provide the most relevant information possible. If you have any suggestions of content to add or you find something either out of date or inaccurate, please contact me with the correction.