Moving Forward...

Information Concerning Bankruptcy:
Bankruptcy is a Federal statute which establishes a separate Federal
Court system to administer and adjudicate Bankruptcy cases. Bankruptcy
Law permits both individuals as well as businesses to eliminate debts
and/or reorganize their debts in order to get a "fresh start" in life.
Bankruptcy laws have been in effect since the 1800’s.
Even President Lincoln filed bankruptcy under the statute.
It is much easier to file for bankruptcy now than it was in
Lincoln’s day.
In 1978 the United States Congress passed a new Bankruptcy law which
allows most people to keep most if not all of their property and still
eliminate their debts. At the end of a Bankruptcy case you receive a
Discharge Order which means your debts are eliminated, so you can start
life over with a clean slate.