It can be hard to deal with bill collectors. See the resources below to learn how the debt-collection process is supposed to work and how you can protect yourself from harrassment. You can also find out how to make good financial decisions in order to avoid these problems before they arise.
Bankruptcy is a legal proceeding designed to protect consumers from creditors. It lets consumers reorganize and/or eliminate their debt. Because federal law provides the right to file bankruptcy, cases are handled in federal court. There are several types of bankruptcy. The most common are Chapter 7 and Chapter 13.