Bankruptcy is one of the topics most people see as taboo because they do not know all the implications of it. They see this as the end of their financial lives and people in the US rely on their credit history for future benefits. If you do not want to make a wrong decision, you should take the time to talk to an expert before you make up your mind.

For instance, one of the worst things people fear is that they will be out in the street because they file for chapter 7 bankruptcy. This is called a straight bankruptcy or liquidation and it implies selling a property so you can pay off your creditors. Losing their homes is one of the reasons why most people do not want to think about bankruptcy.

One of the things you have to keep in mind is that the property you must give up should not be exempt under the law. The state of New York has generous exemptions and you will be able to keep all your properties even if you file for chapter 7 bankruptcy, with a few exceptions. On top of that you will be able to clear all or most of the other debts.

If you are looking for other means so you can restore balance in your life, chapter 13 bankruptcy is also one of the options you have at hand. This is going to allow people to reorganize the debts they are dealing with so they can pay a portion of them over a few years given their current income. This is a solution for people who earn a hefty income.

While chapter 7 and chapter 13 bankruptcy are the solutions used by individuals, a business that wants to file for the same thing will do so under chapter 11. This is the section that has been reserved for businesses as well as a few individuals that are dealing with very large debts. An expert is going to provide all the details you are interested in.

There are certain other special situations when a person can file for bankruptcy. Family farmers and fishermen are not treated the same as a business and they do not work for companies to earn their incomes. If you want to find the help of an expert when it comes to filing for chapter 12 bankruptcy, you must be sure they are up for the challenge.

If you want to find the legal support you need so you can file for chapter 7 bankruptcy or chapter 13 bankruptcy as an individual, chapter 11 bankruptcy as a business or chapter 12 bankruptcy as a farmer or a fisherman, you must find the legal advisor that is up for the task. If you use the web so you can find what you are interested in, you should take the time to visit the site of freshstartbutton.com. This is where you can find the help you seek to get on with this.

Chapter 7 bankruptcy ( http://www.freshstartbutton.com/our-practice/chapter-7 ) and chapter 13 bankruptcy ( http://www.freshstartbutton.com ) are the first options you have to consider. If you want to find the best solutions for your business or other activities that generate income, you should turn to the attorney from the site named before to file for bankruptcy under chapter 11 or chapter 12 as well.