Bankruptcy gives those struggling with debt the chance to rebuild their credit score. Thanks to bankruptcy, what was initially seen as impossible to do is now in sight. Prevent high-interest rates and unpayable debts from making your financial situation worse with bankruptcy. Learn more about the advantages of filing for bankruptcy and how it may help you.
The Benefits of Bankruptcy
Often, bankruptcy is the right course of action if you are looking to reap any of the benefits listed below. Consult with an experienced bankruptcy attorney to learn how bankruptcy can help you get your life back on track.
An Automatic Stay can halt creditors, collectors, and even landlords from continuing their collection process for a set amount of time. This gives you respite from harassing calls and mail as you begin rebuilding your credit. Whether you are eligible for an Automatic Stay depends on various factors. A bankruptcy attorney with years of experience can help you find if this benefit is available for you.
Bankruptcy Can Halt Wage Garnishments
When filing for Chapter 7 bankruptcy, creditors are prohibited from garnishing your wages. A wage garnishment is a court order for your employer to withhold a portion of your paycheck to be used to pay off the debt you owe.
With bankruptcy, a wage garnishment may never continue if the debt is discharged. When considering wage garnishment and bankruptcy, it’s important to disclose the types of debts you owe. This will help ensure you are eligible for protection to stop the garnishment.
Filing for bankruptcy overall gives you a number of options to prevent the drastic consequences of repossession.
Speak with a Bankruptcy Attorney Who Understands
For many, filing for bankruptcy has been a way to rebuild their credit and get their finances back on track. If you are looking for help with finding the best bankruptcy options and strategies, contact our attorneys at the Malaise Law Firm. We understand the stress that comes with debt and that’s why we continue to help many others fix their financial situation and get their life back on track. Call 210-899-7574 or contact us online today to schedule your free consultation with the experts of bankruptcy law!