Bankruptcy laws are said to give debtors a "fresh start." 

The Bankruptcy Code has been drastically changed as the result of 2005 legislation. Many credit card companies and debt collectors have been spreading the myth that these changes eliminated Chapter 7 (sometimes called a "liquidation") Bankruptcy. Even alleged personal finance wizard, Suze Orman, has suggested that this form of Bankruptcy is not available to most people. The truth is that most debtors can still be helped.  

Each debtor's situation is unique and there are many considerations you must address before seeking relief under the Bankruptcy Code.

Proceeding under most Chapters of the Bankruptcy Code will allow you to end harassing phone calls and letters from creditors and collection agencies. In some instances you may even be able to arrange payouts for debts to the government, such as for unpaid taxes.

Often you are allowed to keep your home and car when you file for Bankruptcy if you can afford to continue to make payments on these items. There are federal laws, as well as Texas statutes, that provide for the specific property you are entitled to retain after filing Bankruptcy.

Debt relief can be a complex and daunting task.  Mike Hrabal charges a fixed fee to consult with you about your situation. If you decide to file Bankruptcy you may apply the consultation fee towards his fee for representing you in your Bankruptcy. Mike Hrabal is an attorney that provides bankruptcy assistance. He helps people file for bankruptcy relief under the United States Bankruptcy Code.

"Credit Repair" schemes abound, and the Federal Trade Commission has issued several advisories with regard to these frauds. There is no magic agency or group that help restore your credit by doing anything you could not do yourself. Disputing inaccurate statements on your credit report is a right -- and you do not need anyone to help you do it.