1. What is Bankruptcy? It is a legal proceeding in which an individual who cannot pay his or her bills can get a fresh financial start

2. The DifferentTypes of Boston Bankruptcy 3. Chapter 13 is called debt adjustment. It requires a debtor to file a plan to pay debts (or parts of debts) from current income. Exemptions also apply in a Chapter 13. 4. Eliminate the legal obligation to pay most or all of your debts 5. If you qualify for bankruptcy, Chapter 7 will discharge your debts, and Chapter 13 will allow an affordable partial repayment and forgiveness of the balance 6. Stop wage garnishment, debt collection harassment, and similar creditor actions