Bankruptcy

Before filing for bankruptcy, you should be sure that you've tried everything else. Material assets need to be sold off, or the court will mandate it. A good attorney can help you keep your house and car. Then paperwork needs to be filed. When filing for bankruptcy, you need to show the court that you can't in good faith pay back your debts. You'll also need to show that you don't have anything that you can sell in order to pay creditors.