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Casey Anthony files for Chapter 7 bankruptcy relief

Most people are unlikely to run up such large debts owed to the court system and lawyers. However, others may be facing similar financial problems, such as unemployment, credit card bills, medical bills or various other challenges that are becoming more difficult to overcome by the day. Filing for Chapter 7 bankruptcy is one of the most straightforward ways to find debt relief. By filing, it clears away almost all debts, with the most notable exceptions being most taxes and of student loans. It is also important to note that in most cases, if the debtor has a mortgage on his or her home and if the home has little equity, the home need not be lost.

Seeking out help for debt woes is never easy and can often be a difficult process, especially for those who don't know where to start. Chapter 7 bankruptcy for individuals is one of the best ways to get a fresh financial start.

Source: WRCB TV, "Casey Anthony files for bankruptcy in Florida," Jan. 27, 2013

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