Filing Bankruptcy? Your Chapter 7 and Chapter 13 Bankruptcy Headquarters
Filing bankruptcy is your legal right and was created by Congress with the intent of giving good hard working people a second chance and a fresh start. The purpose of filing bankruptcy is to ensure that your efforts and financial resources will benefit everyone, instead of creating a situation where only creditors benefit. Filing for bankruptcy uses the power of the US Bankruptcy Court giving the individual filing the ability to stop foreclosure, lawsuits and wage garnishments while stopping all collection activity by the creditors
The term bankruptcy is one that no one really wants to hear, at least not in their own lives. However, most people understand what the term bankruptcy means and the basic reasons for someone having to file bankruptcy. In the simplest terms, a bankruptcy filing is a legal process that provides a person with immediate financial relief when they are dealing with financial problems and it does this by legally stopping creditor’s collection activity against the debtor. In most cases, filing for bankruptcy releases an individual from most, if not all, of their debts, so they are able to get back to their life and get on the road to becoming debt free.
Filing bankruptcy is obviously not the most fun topic to talk about, but sometimes it is necessary. If you are in serious financial trouble and are looking for a way to just start over consult a bankruptcy attorney today. If you feel that there is no other way to get out of the hole that you are in, bankruptcy just may be your answer. CALL 877-278-4982 or fill out the form to have FREE BANKRUPTCY EVALUATION with a local bankruptcy attorney.