Bankruptcy is very good at:
getting rid of credit card and other unsecured debt;
stopping creditor harassment and lawsuits;
eliminating judgment liens on real estate;
cleaning up your credit history.
Some things bankruptcy can’t do:
letting you keep real estate and vehicles that you don’t want to pay for;
wiping out student loans;
eliminating alimony and child support;
getting rid of recent tax debts.
Chapter 13 can help you:
catch up house and vehicle payments;
pay debts based on your monthly income and expenses.
