Bankruptcy Can Happen to Anyone
the primary purpose of bankruptcy is to . . . relieve the honest debtor from the weight of oppressive indebtedness and permit him to start afresh free from the obligations and responsibilities consequent upon business misfortunes.
Williams v. United States Fidelity & Guaranty Co., 236 U.S. 549, 554 (1915).
Bankruptcy laws exist because unfortunate things can happen to anyone. In fact, over 28,900 bankruptcy petitions were filed in Northern California in the 12 months ending September 30, 2012 alone. Nearly 97% of these were individuals or husband-wife joint filers.
If you’re thinking about filing for bankruptcy but are afraid, keep in mind that you are in good company. In the past year alone, Hostess company, Jefferson County, Alabama, Gary Busey Mother’s Cookies, Mervyn’s, the City of Stockton, the City of Mammoth Lakes, the City of San Bernadino and others have also used the Code to adjust or relieve their debts.
Filing for bankruptcy may or may not be the best course of action for you, but you will not know your options until you review each possibility. Review some of the links below to see if you might benefit from bankruptcy, a workout outside of bankruptcy, or other course of action.
The Law Offices of Brian Irion is a debt relief agency as defined in 11 USC §528. We help people file for bankruptcy relief under the bankruptcy code.