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The good part in bankruptcy

It may be that sometimes bankruptcy is your only solution. If you have debt and you can’t repay it, you might want to file for bankruptcy.
The good part in filing for bankruptcy is that all your debt will be erased, be it credit card debt, store credit debt or any other type of debt. Once you are declared bankrupt the court will appoint a person to take over all administrative work and start making repayments. This will leave you stress-free, as another person will be in charge of everything, including dealing with creditors.
Not all types of debt are covered by bankruptcy. Some of them will need to be repaid, and this includes child support, debt by fraud, student loans or charges imposed by the court.

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