Bankruptcy is a procedure where debts are discharged (Chapter 7) or compromised (Chapter 11). Some debts may require no payment and some may require partial or full payment, depending on the type of debt.

For more general information about bankruptcy, you can also visit the Bankruptcy Information Center and Web Resources pages on this website, which will lead you to many more sources of information. Mr. Clarke recommends that you do as much research into bankruptcy as possible before sending him the Business or Consumer Debtor Analysis Form or coming in for an initial office visit. If you can approach your bankruptcy, self-educated to the greatest extent possible, the process will be more streamlined and less stressful.