Filing for Personal Bankruptcy – Bloomberg: Your Money
Many people think that “bankruptcy” is a four letter word, but if you’re drowning in debt, it may offer you the chance you need to regain your financial footing. Here you’ll learn exactly what bankruptcy is and how it affects your life.

Bankruptcy when done right, is one of the few debt releif programs that does not offer false hope, but rather eliminates unsecured debt, and in many cases can save your home and even remove sencond mortgages and equity lines.