Bankruptcy law addresses the situation where a person or entity cannot pay the debts owed to one or more creditors. Chapter 7 bankruptcy wipes out your debts for a “Fresh Start”. Some debts can be discharged in a Chapter 7 bankruptcy, some cannot (like student loans, alimony, child support, and others).
If you are drowning in debt, some or all of the debt may be dischargeable under Chapter 7. Call the lawyers at Luther, Collier, Hodges & Cash to discuss your rights and determine your best path forward.