When faced with overwhelming debt, filing for bankruptcy might seem like a last resort. However, this process can offer a fresh start and several benefits worth considering. While the decision to file should not be taken lightly, understanding the potential advantages can provide clarity and relief during financially challenging times. Provides Immediate Financial Relief One significant advantage of filing for bankruptcy is the immediate implementation of an automatic stay. This legal provision halts most creditors from continuing with collection activities, including lawsuits, wage garnishments, and incessant phone calls.
10 May 2024
Filing for a Chapter 13 bankruptcy can be intimidating, and many things could go wrong. If you handle this process yourself, you may make mistakes that may be costly to fix. The good news is that you don't have to go it alone. Enlisting the help of a Chapter 13 bankruptcy law firm attorney will make the process smoother, faster, and more likely to succeed. Here are three common mistakes these lawyers will protect you from.
30 November 2022
If you're drowning in debt, bankruptcy protection might be able to assist. Bankruptcy attorneys can help you understand the facts of your case, determine if bankruptcy is the right option for you, and guide you through the process of declaring bankruptcy and starting over. When should you see bankruptcy lawyers if your financial stress is too much? 1. You've Gotten a Notice of Repossession A foreclosure/repossession notice is never welcome news, but if you've gotten one, it's definitely time to contact a bankruptcy attorney.
22 April 2022
One of the ways that you are protected during a bankruptcy filing is the automatic stay. However, the name alone does not tell you much about what the law actually does to give you the protection that you need. Here are a few questions you're likely to have about the automatic stay as you move forward with your bankruptcy case. What Is The Automatic Stay? The legal process known as the automatic stay prevents creditors from collecting debts that you owe while your bankruptcy case is being worked on.
8 November 2021
If you fell and slipped at a grocery store due to something in your way or liquid spilled on the floor, you need to take steps quickly. This is because you may have medical appointments or hospital bills to take care of if you were injured. One important thing to do is to contact a personal injury attorney. Below are two things this professional will do to help you. Contact the Grocery Store
22 June 2021
When folks learn about Chapter 7 bankruptcy law, the first thing they should understand is that it means liquidation. In legal terms, liquidation is the sale of assets to try to satisfy as many of the debts owed to one's creditors as possible. This does not mean, however, that every single thing you own will be sold. Depending on your circumstances and the state laws where you live, you may be able to hold onto a reasonable portion of your assets.
29 September 2020
It's hard to enjoy life when you are drowning in a sea of debt. You may have heard people say that money doesn't buy happiness, but when you don't have it, you might politely beg to differ. Constantly fielding harassing phone calls from your creditors is no fun, and if you don't see a lump sum of money coming your way anytime in the near future, you can easily slip into despair.
5 December 2019
