Bankruptcy Legal Center

Rocket Lawyer's Bankruptcy Legal Center has the resources you need to get through the bankruptcy process.
Get Organized
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The Bankruptcy Worksheet will help you get a true picture of your financial status. Use it to get organized, make decisions and save time when meeting with a Bankruptcy Lawyer.

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Useful Bankruptcy Articles

Bankruptcy Court Requirements

Once a debtor decides to file bankruptcy, he or she must get all of his or her financial records together to satisfy bankruptcy court requirements. The debtor will need to know every amount due to creditors.
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Bankruptcy Debt Discharge

Filing bankruptcy doesn't necessarily mean a person can wipe out all his or her pre-bankruptcy debt, but it does allow a person to start over, after a fashion. There are separate chapters of the bankruptcy code for individuals and businesses.
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New Bankruptcy Laws

The new bankruptcy laws require debtors to attend classes and may prohibit a debtor from filing Chapter 7. A debtor that files a Chapter 7 or 13 bankruptcy case must also complete a personal financial management course.
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Bankruptcy Lawyers
Frequently Asked Questions
Who qualifies to file for bankruptcy?
Typically, any person or business owing money to a creditor can file a bankruptcy petition.

How long does a bankruptcy filing stay on my credit record?
Bankruptcies can stay on a person's credit report anywhere from 7 to 10 years. For this reason, filing for bankruptcy should be a last resort to manage debt.

Does bankruptcy protect me from creditors?
The act of filing bankruptcy puts an automatic stay on debt collection, meaning that debt collector cannot continue to harass the debtor.