Bankruptcy law provides debtors with a mechanism to eliminate, reduce, and/or extend most debt and to protect themselves against pursuit and harassment by creditors.
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A bankruptcy filing can stop foreclosure or eviction.
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Bankruptcy is often the most direct and powerful tool for a debtor to deal with serious financial problems.
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The different types of bankruptcy cases, namely, Chapter 7, Chapter 13, and Chapter 11, are appropriate to different situations and can vary greatly in how they would apply to particular circumstances.
