Bankruptcy is a legal process of dealing with debts when the debtor has no reasonable ability to repay. The majority who file for bankruptcy relief are able to keep most, if not all, of their property and discharge many kinds of debts. A married person can file alone or jointly with a spouse. Alternatives to bankruptcy include credit counseling or selling property to reduce debt. Bankruptcy cases filed in federal courts totaled 1,042,993 for the 12-month period ending September 30, 2008, up more than 30 percent when compared to the 801,269 filings in Fiscal Year 2007.

When you have reached a point where you are relying on credit to make up the income shortfall each month, you need help now. Attorney Buckley is not only a bankruptcy lawyer, but he is also a CERTIFIED FINANCIAL PLANNER™ professional. He will help you understand whether your monthly income is enough to support your current lifestyle and whether you need to consult a reputable credit counselor or explore the protections afforded under Federal and Rhode Island bankruptcy law. After an initial consultation, you will know the best way to handle your debt situation.