Bankruptcy is a legal process through which people or companies who cannot repay their debts to creditors may seek relief. It is important to review the underlying problems and to minimize the risk that financial distress will recur. The goal of bankruptcy is to provide a fresh start to people who can no longer afford to pay their bills. When a debt is discharged in bankruptcy, there is no longer a legal obligation to pay that debt, and the creditor cannot legally undertake any type of collection activity. Not all debts can be discharged. A knowledgeable bankruptcy attorney can help guide you through the process.