Understanding Bankruptcy: A Fresh Start

According to Attorney Michael Cibik, Bankruptcy is a legal way to get relief when debt becomes overwhelming. It doesn’t mean failure—it’s a tool to help people get back on their feet.

The Two Most Common Types

• Chapter 7: Wipes out many debts (like credit cards and medical bills) in just a few months. You may have to give up non-essential assets, but you can usually keep basics like your home, car, or personal items.
• Chapter 13: Creates a 3–5 year repayment plan so you can catch up on debts while keeping your property.

Immediate Relief

As soon as you file with Michael Cibik, the automatic stay stops creditor calls, lawsuits, foreclosures, and wage garnishments.

What Bankruptcy Can Do

• Erase qualifying debts
• Stop collections and foreclosure
• Help rebuild your financial future

What Bankruptcy Can’t Do

• Erase student loans, child support, or most taxes
• Fix credit instantly

Final Thoughts

Bankruptcy is a fresh start, not the end of the road. Talking with an experienced attorney, like Attorney Michael Cibik, can help you understand the best option for your situation. Call and explore your options with a free consultation today!