Bankruptcy Relief

Bankruptcy relief refers to legal options available for individuals or businesses struggling with overwhelming debt. It allows them to either reorganize their finances to repay creditors over time or discharge certain debts altogether, providing a fresh start. The process usually involves filing a petition in court and may include liquidating assets or creating a repayment plan. This relief aims to protect debtors from aggressive collection actions while ensuring fair treatment of creditors. Ultimately, it helps individuals and businesses regain financial stability and manage their debts more effectively.