Bankruptcy can change your life for the better. It can give you a clean slate and wipe away the financial strain of debt that causes so many problems for so many people. Many don’t know how much better their lives could be after bankruptcy.
Financial stress can affect every aspect of your life. It can negatively impact your physical health. It can put emotional strain on your relationships with loved ones. It can be a catalyst for a business failing, or a marriage ending. Creditors may harass you. The IRS may try to collect from you. Your wages may be garnished. It may even impact your ability to rent housing or go to school. It can delay and frustrate your efforts to buy a car or a home.
Whatever the reasons are that brought you to this website, please know that you are not alone. We are here to provide legal advice through this difficult period, and help you determine whether filing a bankruptcy petition would help you or your family. If we can’t help, we will try to refer you to someone else who can.
Bankruptcy is not a moral failing. It is more common than you may think. Five Presidents of the United States filed for Bankruptcy, including Abraham Lincoln and Thomas Jefferson. Other famous people who have declared bankruptcy are Walt Disney, MC Hammer, Toni Braxton, Mark Twain, Marvin Gaye, Cindy Lauper, Francis Ford Coppola, Mike Tyson, and Dorothy Hamill.
Corporations use bankruptcy often, and many come back strong. For example, did you know that Apple, General Motors, Chrysler, Marvel Entertainment, and Six Flags all filed for bankruptcy, and did better afterward than they had before? Many other corporations have filed for bankruptcy during the pandemic, including 24 Hour Fitness, Chuck E. Cheese, Cirque Du Soleil, Hertz, JC Penny, J. Crew, Pier 1 Imports, Sur La Table, and Technicolor. If all these corporations, worth hundreds of millions of dollars, can use bankruptcy as a tool to do better financially, why shouldn’t you?