Bankruptcy can be a very good idea. Bankruptcy can stop foreclosures, lawsuits,  and creditor phone calls. Under the right circumstances, bankruptcy can wipe out your debts, reduce your mortgage payments, save your property and save your business. When bankruptcy is right for you or your business, it can be a life-saver.

Bankruptcy can also be a very bad idea. Bankruptcy will damage your credit for years. Certain kinds of debt cannot be wiped out in bankruptcy. Certain financial situations cannot be helped by bankruptcy. If you do not meet the guidelines, if you file bankruptcy, you will simply ruin your credit and get your bankruptcy thrown rapidly out of court, achieving nothing.

How can you tell if bankruptcy is good or bad for you? You need expert advice. Richard Gibson, the principal of Gibson Law, PC, has been a bankruptcy lawyer since 1983.  He has published in The American Bankruptcy Law Journal and The California Bankruptcy Law Journal. He has successfully handled a large number of bankruptcy cases, for both individuals and businesses. If you are thinking about bankruptcy, call Mr. Gibson. The first consultation is free. He will talk through your situation with you, and tell you honestly whether or not bankruptcy is a good idea for you.

Gibson Law PC is a real estate, business and bankruptcy law firm. We created this website to answer questions about bankruptcy law. We created a similar website, to answer questions about California real estate law.

Real estate, business and bankruptcy experts