It is never pleasant to realize that you have more debt than you can handle and that bankruptcy may be the only solution. As unpleasant as that is to admit, the alternatives are significantly more undesirable.
At RTS Law Group in Charlotte, North Carolina, we understand the reluctance on the part of many individuals to file bankruptcy. Yet, we know from the relief that is visible on the faces of the thousands of clients with whom we have worked that the benefits of bankruptcy far outweigh any downsides.
Bankruptcy allows individuals or businesses with unmanageable debt to eliminate (discharge) most of that debt or restructure payments to make them more manageable.
Bankruptcy laws make it possible to eliminate: