The Bankruptcy Centers of Bill Zurinskas
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Bankruptcy will eliminate most debts (common exceptions include student loans, child support, alimony, most taxes, debts incurred by fraud, debts incurred through criminal conduct). Most debtors in bankruptcy will keep their homes, vehicles and personal property. Bankruptcy usually (assuming your credit is already bad) is the fastest, easiest and least costly way to rebuild your credit.
- It is possible to eliminate income taxes in Bankruptcy.
- It is possible to eliminate 2nd mortgages and reduce vehicle payments in Chapter 13 Bankruptcy.
- Bankruptcy can STOP lawsuits, garnishments, foreclosures, collection agency harassment.
Chapter 7 Bankruptcies have a successful completion rate in the high 90 percentile, while chapter 13 bankruptcies nationally have a success rate below 34%.
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