Nearly one and a half million Americans filed for bankruptcy protection in 1997 and the 1998 rate is running even higher.

Most individuals who file for bankruptcy are ordinary working people who never imagined they would find themselves hopelessly in debt. Many fall behind when they lose their job or suffer a disabling illness and are never able to catch up.

Contrary to what many people believe, bankruptcy does not mean that you lose your home, your car and other essentials. In fact, the opposite is true. Bankruptcy protects your primary assets from your creditors and limits how much your creditors are able to recover from you.

Bankruptcy can enable you to "start over," wiping out your accumulated debts. But the bankruptcy process can be complex and it is very important to have an experienced attorney handling your case.

Click here to find an attorney whose practice includes bankruptcy.

• A list of all your debts, including credit cards, car loans, home mortgage and child support;
• A list of your sources of income -- how much you make at your job, from child support payments, welfare and other sources;
• A list of your savings and assets -- bank accounts, mutual funds, savings bonds and any real estate, vehicles or other major assets;
• A copy of any wage garnishment notices your employer has received;
• Letters from creditors and suppliers