Bankruptcy is the legal procedure that a person undergoes when he is unable to pay back his debts. It is a legal process that establishes that a person is no longer able to pay back his debts as promised. The result is that once the bankruptcy is discharged his creditors loose legal rights to try and recover the money or file a lawsuit in court regarding their claim. So, Bankruptcy is the best option to eventually help you get back on your feet.
John Crane-Process of filing Bankruptcy
