Whats BK all about?
Bankruptcy is a federal court process designed to give consumers and/or businesses a “fresh start” by either eliminating many of their debts or repaying their debts through an order of the court. When a bankruptcy is filed, creditors have to stop any attempt to collect a debt. Most creditors cannot call, correspond, or sue you after you have filed for bankruptcy. Bankruptcy laws have numerous rules regarding the kind of debts that can be wiped out, who is able to file, and what property you can and cannot keep.
