What is Bankruptcy?

If you’re asking the question, what is bankruptcy, then you probably have more bills than you can pay. People think about filing for bankruptcy when no other options seem to exist. When you’re out of options, bankruptcy may be the best way to go.

    • But what is bankruptcy?
    • How does it work?
    • Will you lose all of your property?
    • Does bankruptcy wipe out all of your debts, or only some?
    • Will you ever be able to get credit again?
    • Will everybody know that you filed?
    • Could you lose your job if you file for bankruptcy?

All of these questions – you need answers. I’m very pleased to report the answer you need are here, right on my website. And, more than that, I have a guide to help you compare all the options you have, not just bankruptcy but also non-bankruptcy options as well.

If you’re thinking about bankruptcy, you probably feel worried and depressed. I know how you feel because it’s exactly how I felt about 20 years ago I broke my back and couldn’t work for a year. We all know what happens when you can’t work.  The income suddenly stops. But the bills keep right on coming.

When you cant pay your bills, the phone starts to ring, and pretty soon you’re bombarded with harassing phone calls, and threats from attorneys and, if you’re like me, you end up getting sued.

Yes, I was sued more than once by creditors who refused to work with me – like they probably are refusing to work with you. I even had a sheriff come to my house and hand me a lawsuit. I couldn’t sleep, I was depressed, and it even caused problems in my marriage.

Because I was a bankruptcy attorney at the time, I knew the bankruptcy would hurt me. I knew that filing bankruptcy was probably the best thing to do.  But I also knew that bankruptcy was not the complete answer. I also knew that bankruptcy wasn’t the only answer.

The Options

Credit counseling, debt management programs, debt settlement, all of these are possible alternatives to filing bankruptcy – but if you look around you won’t find anyone who offers counseling for all of the options and helps you compare them all so you can know that you have selected the best one for you.

But that’s exactly what I do for you.

I became the Ohio’s only certified credit counselor, certified debt specialist and board certified consumer bankruptcy specialist because that’s the only way, in my opinion, that you can know for sure if you have the best solution to your debt problems.

So if you’re thinking about bankruptcy, you need to think about more than just bankruptcy. You need to think about all of your options. Only if you consider all your options and compare them to each other, carefully weighing the pros and cons of each, can you be sure that you found the best solution to your debt problem.

So when people ask me, “what is bankruptcy?”,My answer is that bankruptcy is one of several different options that you should consider when you’re overwhelmed with debt that you simply can’t pay. You can go to my website and download my free book, Six Ways Out of Debt, It explains all the six options and will give you information that you need to consider if you’re having money problems and thinking about filing bankruptcy.