No one really expects to become bankrupt, but many people can’t keep up with today’s economic pressures and simply have too much debt. Filing for bankruptcy may be your best option to get a fresh financial start. Bankruptcy is the legal way for individuals or companies to work out a repayment plan over time or to have their debt eliminated. If the debtor initiates the bankruptcy, it’s called voluntary bankruptcy. A creditor can also initiate a bankruptcy. and this is called an involuntary bankruptcy. Once a bankruptcy is filed there are rules stating what your creditors can and can’t do to you. These rules generally restrict your creditors from harassing you for payment. There are several different types of bankruptcy, and each has its own applicability based on your personal financial circumstances. For more information about what bankruptcy options are available in your situation, contact an experienced bankruptcy attorney in your area today.