That right is a legal, as well as an ethical, means to get out from under crushing debt and get a fresh start in life. For many people, bankruptcy is a sensible and practical alternative to overwhelming debt load, creditor harassment and the prospect of future lawsuits from inability to pay bills. Bankruptcy can stop house foreclosures and wage garnishments.
Bankruptcy can also help catch up on back mortgage payments.
Bankruptcy protects you from creditors immediately when it is filed.