Bankruptcy is still an option for most people after the new law!

Many people have the wrong impression that bankruptcy relief is no longer available due to the new bankruptcy law changes on October 17, 2005.  In fact, the new bankruptcy laws have little effect on most people and in some cases, the new laws are even more favorable then they were before.    

Bankruptcy - Your own "personal bailout"

What do Bank of America, Wells Fargo, CitiBank, General Motors and you all have in common?  You’re all filing bankruptcy (or perhaps for you just considering it). The only difference is the banks are receiving billions of dollars in government aid and you’re just getting rid of debt that you can’t pay.  If the mortgage companies and credit cards banks had used their bailout funds the way they were supposed to, i.e., to help you, you might not have to file bankruptcy.  But they haven’t helped you, so you need to help yourself.  Bankruptcy is your personal bailout.

Feel better - read brief excerpts from articles on corporate and bank bailouts


IMPORTANT! Click here for new information to help stop foreclosures!

For the most comprehensive information on stopping foreclosures visit our new website, www.bankbusters.info 

What can you still do in bankruptcy?

  • Stop Creditor Harrassment immediately!

  • Stop lawsuits

  • Get rid of credit card debt

  • Get rid of medical bills of any kind

  • Keep you home and your cars in
    most cases

  • Get rid of auto loan debts, after the
    vehicle is repo’d


  • Stop wage garnishments and get back all money garnished from you within 90 days of filing

  • Discharge state and federal taxes

  • Get rid of debt without having to enter into a repayment program, if your income is in the range of the median income for your family in your state


Paralegal Kathleen Herrera and Attorney Doug Booth


I’m Doug Booth, and with 29 years experience as a bankruptcy attorney,  I understand that financial problems can happen to good families who work hard, and I’m dedicated to helping people get back on their feet. As an experienced personal injury attorney I will be committed to protecting your rights and can begin to help you evaluate the important questions above. My office is  conveniently located in Santa Fe, and I provide cost-efficient legal services in a compassionate and respectful manner.


CALL (505) 988-3229 for a one hour FREE Consultation

We are a Federally Approved Debt Relief Agency

Legal Insurance is always welcome


The Bankruptcy information provided on this site is a a public service by Douglas Booth, J.D. bankruptcy attorney for 27 years


Famous People
Who Have Filed

Many famous people have filed for bankruptcy. Even our 16th President Abraham Lincoln filed for bankruptcy twice. If these high profile people can get into financial trouble, it can happen to anyone. These notable people took advantage of their constitutional right to use bankruptcy to get a fresh start.

Abraham Lincoln,
16th President of the United States

Walt Disney,
Oscar - winning film producer, animation & theme park pioneer

Henry Ford,
Automobile manufacturer

Francis F. Coppola,
Oscar - winning film writer - director - producer

Buckminster Fuller,
Architect-futurist-inventor of geodesic dome

Charles Goodyear,
discovered how to vulcanize rubber

Larry King,
talk-show host, best selling author (1978)

Immanuel Nobel,
philanthropist who founded the Nobel Prize

Johannes Gutenberg
Inventor of movable type

William C. Durant
Founder of General Motor

Samuel L. Clemens ("Mark Twain")
best - selling American author

Ulysses S. Grant
18th US President; Civil War general, face is pictured on the US fifty dollar bill

Willie Nelson
singer-songwriter-actor

Nikola Tesla
Invented alternating current

Donald Trump
billionaire entrepreneur

Tom Petty,
rock star (1979)

Mark Twain,
Huckleberry Finn author

George Clinton,
rock star (1984)

William C. Durant,
Founder of General Motors

P.T. Barnum
Great circus owner

Rembrandt
Painter

Kim Basinger
Oscar - winning actress (1993)

Buster Keaton
Actor, The General

John Barrymore
Actor; Romeo & Juliet