In today’s economy, bankruptcy law firms have never been busier helping individuals and businesses get back on their feet financially. When it comes to filing for bankruptcy, there are several things you need to know and understand before proceeding, from the eligibility criteria to where to find the best bankruptcy lawyers in your area. If you’re interested in filing for bankruptcy, you have come to the right place. At Law Offices of Scott J. Goldstein, I strive to make your experience as comfortable as possible by providing compassionate, dedicated service from start to finish. To help you get started, we’ve put together this beginner’s guide to filing bankruptcy and everything you need to know about how it works.

What Is Bankruptcy?

If you’re financially overwhelmed—either because of debts or income issues—you may be considering filing for bankruptcy. In many cases, it’s a good idea. But before you do anything else, it’s important that you have a solid understanding of what bankruptcy is and how it will affect your life moving forward. 

When Should You File For Chapter 7 Or Chapter 13?

Chapter 7 is great for debtors who want a quick clean break with all of their creditors. If you can pass a means test, in which your income is compared to your state’s average income levels, then it might make sense to take advantage of Chapter 7 protection. It also makes sense if you have very little in assets that are not exempt from liquidation—for example, if you don’t own a car or home or have few other possessions.

The Steps To Filing For Bankruptcy Protection

The steps to filing for bankruptcy are not easy, but if you’re facing a mountain of debt you may have little choice. Here is an overview of what happens during each phase of your bankruptcy proceedings. This should not be construed as legal advice; it is only meant as a guide. You should always seek advice from a licensed attorney if you need any help deciding whether or not filing bankruptcy protection is right for you.


In conclusion,  bankruptcy is not something you want to go through. It’s a time of stress, worry, and uncertainty. But if you find yourself in such a situation there are things you can do to get back on your feet again. And when you do get back on your feet again it’s important that you don’t make those same mistakes that put you in bankruptcy in the first place. In order to avoid making the same mistakes again, you must learn from your mistakes.

Author's Bio: 

Parker shown is a full time blogger and can be contacted at