Bankruptcy attorneys are able to provide legal assistance because they know the methods that can discharge (or wipe out) your debt by the liquidation of your assets and by distributing the money back to your creditors. Bankruptcy attorneys can also help an indebted individual by resolving his debts with a court-approved reorganization debt plan which will repay creditors over time.

Bankruptcy attorneys know the bankruptcy code -- which is Title 11 of the United States Code. This code regulates bankruptcy proceedings. A bankruptcy attorney can help you through this legal process. Bankruptcy attorneys practice two types of bankruptcy proceedings:

* Liquidation of debt under Chapter 7

* Debtor rehabilitation with a court approved plan of repayment to creditors, which is Chapters 9, 11, 12 and 13

A person considering bankruptcy needs a bankruptcy attorney now more than ever. Since the passing of stricter bankruptcy laws in 2005 by the United States Congress, a debtor faces tougher laws if he wants to declare bankruptcy. A bankruptcy attorney can work on behalf of a debtor to help him sort through what chapter he may file, what bills can be eliminated, and what assets or property may be kept. Without a bankruptcy attorney it is difficult for a debtor to have a favorable settlement in court.

You may not realize it, but bankruptcy attorneys provide a great service for creditors, too. They ensure that the creditor gets as much money from the debtor as possible. If you hire a bankruptcy attorney and file for bankruptcy, it is called a voluntary bankruptcy. If the credit company hires a bankruptcy attorney and initiates bankruptcy proceedings against you, it is called an involuntary bankruptcy. Of the two scenarios, the first is much more comfortable. Hire your bankruptcy attorney today before one comes knocking on your door.