Bankruptcy is a legal process that provides debt relief to individuals and businesses in financial trouble. The bankruptcy process accounts for the debtor's assets and liabilities, then provides a structure where the debtor is allowed to keep some, and in most cases, all property and ordered to satisfy as many eligible debts as possible, in order of priority established by law.
The stigma of bankruptcy has faded and is now seen as a fresh start after a time of extreme financial trouble. Most debtors have experienced unexpected financial shock, caused by job loss, business failure, death, divorce, illness and or other factors.
Filing bankruptcy may be the right answer. If you are facing serious financial challenges, contact Law Offices of Andrew C. Marine in Aiken, SC, to schedule a consultation with an experienced bankruptcy attorney who can help you assess your legal options.