Financial difficulties can happen to anyone, young, old, rich or poor. Medical issues,unemployment,family problems, business mishaps or numerous other unexpected circumstances can cause your life to spiral out of control. Unfortunately, when things go bad it seems like your life is all downhill. Suddenly, you find yourself under water financially and it can seem like you’re drowning in debt and living in a constant state of stress and anxiety

Fortunately, our government created Chapter 7 bankruptcy to offer a fresh start to people who find themselves buried in credit card debt, medical bills and financial obligations. By choosing to file bankruptcy, most of those debts can be discharged, which means that you’re no longer legally obligated to pay them. Once you file, your creditors and debt collectors can’t contact you about your bills or report late of missed payments to the credit bureaus.

Bankruptcy can discharge most common types of debt including: