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Bankruptcy is a statutory right available to anyone who faces difficult challenges in life, including divorce, job loss and expenses related to uninsured medical problems. It is an honest and responsible path to a new financial future.

Since Chapter 13 bankruptcy is a structured repayment plan, it lasts longer than a Chapter 7. A debtor will typically be involved in the Chapter 13 for three to five years, depending on the length of the repayment plan designed by the bankruptcy attorney and agreed to by the client.

No one is safe from medical emergencies. Minimum payments on medical debt are not an option. Large credit card and medical expense debt principals, combined with high interest rates, can mean decades or even a lifetime of enslavement to unmanageable debt. However, bankruptcy is a way out - and offers numerous options for eliminating or restructuring debt. Through Chapter 7 bankruptcy, unsecured debt is discharged while you retain your home, car and other key assets. With Chapter 13, you can retain all property while paying down debt at a more manageable level. After three to five years of affordable payments, your remaining debt is eliminated entirely.

Bankruptcy solves both the immediate problem (creditor harassment) and the underlying problem (overwhelming debt). If creditors fail to stop harassing you once you have retained a lawyer, and once your bankruptcy case has been filed, they can be sued for monetary damages.

Student loan debts can be discharged in Chapter 7 or Chapter 13 bankruptcy if paying it back would cause you undue hardship. What you have to demonstrate to the Bankruptcy Judge is that it is more than just difficult to repay; it must be nearly unfair under the circumstances. If you are physically, emotionally or mentally disabled, the Bankruptcy Court Judge will allow you to discharge all of your student loan debt.