There are two purposes of bankruptcy. The first is to release the debtor from overwhelming debt that they cannot possibly pay off so that they can start over fresh and continue on with their life. Staying in impossible debt helps nobody, so bankruptcy was established to provide an out for when your financial situation is dire. The second reason for bankruptcy is for creditors to gain back what they are owed, so that all parties are treated equally. Once bankruptcy is declared, you will go through a process that takes place over several months (as little as 9 months if you have not been bankrupt before), wherein you will complete various duties and responsibilities to ensure that your journey back to good credit is working.

When bankruptcy becomes the right solution for your problems, Westgeest & Associates will be there to help you in your time of need. We will provide you with tips and strategies to ensure that you have great credit habits in the future and never have to rely on bankruptcy again.