Declaring bankruptcy will not give you an out from all types of debts. Payments owed for child support, student loans, recent taxes, and criminal fines, for example, cannot be dismissed by declaring bankruptcy. For these debts, negotiating a payment plant will be a better option, and a Troy, AL bankruptcy attorney can still help.
Declaring bankruptcy may be the best route if your debt stems from credit card bills, medical bills, payday loans, and other unsecured debts, which are loans not backed by collateral. If you need to stop a foreclosure, wage garnishments, or repossession, declaring bankruptcy can provide a relief solution.