Considering Bankruptcy
Bankruptcy is a legal tool, not a failure. Understand your options before deciding.
What to Do Right Now
Take the Means Test
The means test determines whether you qualify for Chapter 7 (debt discharge) or Chapter 13 (repayment plan).
Calculate Your Debt
Total up all debts — credit cards, medical bills, loans. Know exactly what you owe and to whom.
Understand the Impact
Chapter 7 stays on your credit 10 years, Chapter 13 for 7. But rebuilding starts immediately after discharge.
Get Free Legal Consultation
Many bankruptcy attorneys offer free initial consultations. Legal aid can also help.
Try Alternatives First
Nonprofit credit counseling, debt negotiation, and hardship programs may resolve your situation without bankruptcy.
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