Bankruptcy - Chapter 7 and 13
If you feel overwhelmed by big payments, past due notices, credit collectors and in debt to what seems like no end, bankruptcy is the financial life vest to get your head back above water. Today, more and more financially burdened Americans are finding that bankruptcy is a viable option to wipe your economic slate clean and give you a fresh start.

When considering filing for bankruptcy you have two options, chapter 7 and chapter 13. The former is the most popular because it immediately eliminates your debts and prevents creditors from contacting you anymore, whereas chapter 13 lets you restructure your payment schedule and extend the time period to pay your debts off.

The bankruptcy process is not the end of your world nor a stressful procedure that involves embarrassing court appearances and hefty attorney fees. It's a common, straightforward process that can even be initiated online.