You can stop foreclosure on your house, which can give you a chance to catch up on missed payments. (Bankruptcy does not automatically eliminate mortgages and other liens on your property without payment.)
You can prevent a "vehicle repo" or other property or force the creditor to return property even after it has been repossessed.
Stoping Wage Garnishment
You can stop wage garnishments, debt collection harassment, and other creditor actions to collect a debt. You can also restore or prevent termination of utility services. And, bankruptcy can allow you to challenge creditor claims when fraud is involved or a creditor is trying to collect more than what you really owe.
Bankruptcy is Not a Cure-All (But, It Can Help Restore Financial Health Eventually)
Bankruptcy is not a panacea for every financial problem. In bankruptcy it is usually not possible to: Eliminate the rights of secured creditors, discharge debts singled out for special treatment, for example: Child Support, Spousal Support, Student Loans, Court Restitution Orders, Criminal Fines and Taxes. Bankruptcy cannot protect co-sugners on your debts and it will not discharge debts that arise AFTER bankruptcy has been filed.