Bankruptcy can help to do the following:
Eliminate the legal obligation to pay most or even all of your debts
Stop the foreclosure of your home and allow you to catch up on missed mortgage payments
Stop wage garnishments (which is when a court orders that your employer divert a portion of your paycheck to the creditor or person to whom you owe money)
Stop debt collection harassment
Stop repossession of a car, home, and other property (in some situations, the creditor can be forced to return property even after it has been repossessed)