Bankruptcy is a legal process that can help qualifying individuals find relief from their overwhelming debt. As you consider this option, you may come to realize that it is a very involved process. Before becoming intimidated, however, you may want to gain more information on specific aspects of bankruptcy proceedings.
If you have been struggling with your finances -- in particular with substantial debt -- for some time, you may feel as if you have exhausted your options for getting back on track on your own. Though you may have made payments, cut spending and taken other routes, your efforts may not have been enough to make a significant dent in your outstanding balances. You may even now face actions from creditors, like garnishment or repossession.