How bankruptcy gives a Fresh Start or Restart

I have been practicing Chapter 7 and Chapter 13 Bankruptcy law on behalf of debtors for over 22 years mostly in Central Mississippi with occasional trips into the North Mississippi and Hattiesburg areas. I have found the work enjoyable and have met very friendly and gracious clients and government employees( Clerks, Trustees,) I discuss the effects of bankruptcy and how it affects the individual. It is important to listen and learn from the client just what their goal is post bankruptcy. Many want to buy a home. While Chapter 7 and Chapter 13 bankruptcy filing may present a challenge to this process, it is not an exclusion. Many businesses reorganize under Chapter 11 of the bankruptcy code. A Chapter 7 is a liquidation process that helps a debtor shed off unsecured and secured debts. However, Secured debts can be kept if sufficient and legal arrangements are made Court approved and met. Unsecured debts such as medical bills, check cashing loans, credit card debt, in special circumstances IRS taxes owed reported , Judgment debts and garnishments , personal loans are discharged and t the obligation to payback ceases. This may be true with secured debts on a case by case analysis, but often the security pledged for the debts must be addressed. An automobile debt may be reaffirmed, whereby the creditor agrees the debtor can still make payments on the auto, keep the car and receive good title after the obligation to pay is satisfied. A home mortgage can also be treated this way. Most creditors insist that the debtors become current and stay current with the secured obligation prior to agreeing on Debt Reaffirmation Agreements. While Chapter 7 and Chapter 13 are reported to the credit bureaus, Trans Union, Equifax and Experian many times the debtors credit score will improve after the bankruptcy filing. This is provided the client now given the opportunity  for a fresh start or restart can make the most of the chance and not fall back onto the ways that may have brought them to this point. There are times that  hard events circumstances revisit of lives such as medical problems, loss of employment, injury, divorce or family emergency.  All in all the fresh start or restart that a chapter 7 can provide may help.