How Can Chapter 7 Bankruptcy Help Me?
It is no secret that many people in the United States are dealing with financial struggles. In many circumstances, these financial strains often lead to individuals falling into debt.
Americans often characterize debt as a heavy burden that makes making ends meet a very difficult process. However, filing for Chapter 7 bankruptcy can be a beneficial decision if the debt you are currently in is becoming overwhelming.
Despite the change in law regarding bankruptcy back in 2005, many people are still eligible to file for Chapter 7, as a result, discharging most or all of their debts.
Our attorneys are experienced in providing clients professional service and assistance in filing for a Chapter 7 bankruptcy. We are certainly confident in our ability to aid you in this endeavor, but it is first important to highlight the ways in which Chapter 7 can be beneficial, as well as the limits involved.
▸ STOP CREDITOR HARASSMENT
Filing for Chapter 7 can first and foremost aid in eliminating the legal requirement to pay nagging and persistent creditors during a period in which most people are struggling to keep their heads above water.
▸ HALT WAGE GARNISHMENTS
Filing for Chapter 7 can potentially halt wage garnishments on salaries. Those who are having their salaries reduced can hope for some relief.
▸ PREVENT LAWSUITS
Filing for Chapter 7 can stop lawsuits. Filing for bankruptcy can effectively halt impending lawsuits from creditors.
START OVER WITH A CLEAN SLATE
People that find themselves in debt deserve a lifeline; a service that provides help for those who have exhausted all other options to relieve their insurmountable debts.
The law regarding bankruptcy is designed in its current state to offer a new beginning for those who find themselves in a considerable amount of debt. Our attorneys are confident in their ability to aid clients through this process. Regardless of the unpleasant nature of your current fiscal situation, there are reasons to be optimistic.
When discharging debt via bankruptcy, it is generally assumed that your credit will remain in bad standing for seven years from the date you file for Chapter 7. However, this is not an absolute. Though bankruptcy will appear on your credit report for ten years after filing, it is still possible to attain good credit in three years time.
You will be able to apply for a credit card with more than willing credit card companies with a reasonable limit, either secured or unsecured. Yes, there is life after bankruptcy, and if you choose to take that path, our attorneys will be in your corner every step of the way.
If you are being hassled by persistent creditors and looking for a clean slate, filing for Chapter 7 bankruptcy with our attorneys may be the right option for you.