Why Bankruptcy Might be Better than Credit Counseling
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Every year, bankruptcy helps hundreds of thousands of people clear their debts. And yet, many people struggling with debt are still hesitant to turn to bankruptcy for help.
Many times, however, bankruptcy alternatives simply aren’t strong enough to get the job done.
Take credit counseling, for example. While it may seem like an attractive option, there are many times when filing bankruptcy may be a better alternative.
When you need to stop foreclosure, repossession, wage garnishment.
Bankruptcy’s automatic stay has the power to stop pending foreclosure and repossession. And, if you’re seeing your wages taken by creditors, the bankruptcy automatic stay can stop that, too, along with any other collection efforts on the debts included in your filing.
The automatic stay should be in place for the duration of your bankruptcy case. So not only does bankruptcy provide the tools to clear debt, it may also give you the room to breathe while you retake control of your life.
When you‘re looking for a legally protected way to discharge your debt.
Plans and negotiation can fall apart. A business holding your settlement payment can go out of business.
But the bankruptcy process is part of United States law. When you file bankruptcy there are laws in place to protect and secure your actions. When the automatic stay is enacted, creditors must stop calling and sending letters or face legal consequences. In a successful Chapter 7 bankruptcy discharge, your creditors must clear those debts. There’s nothing to negotiate because it’s simply part of the law.
When you need help from a local legal professional.
Will your debt relief plan keep your home, car and other possessions safe? Will you need to pay taxes on any forgiven debt? Don’t leave these important questions to someone you don’t trust.
A local bankruptcy lawyer can answer your questions about how the laws in your state apply to you. A lawyer can explain all of your options in person, and help you make an informed decision. Plus, if you act today, you can get a free case evaluation with bankruptcy attorney near you.
When you don’t have the income to pay back your bills.
Credit settlement requires you to make a large lump sum payment to your creditors. Plus, you may have to pay taxes on any debt that is forgiven, which means you’ll have to find more cash.
In a Chapter 7 bankruptcy, however, there are no regular payments, no taxes on cleared debt and no lump sum payment. Once you file and complete the requirements, your eligible debts included in the filing are cleared. In only a few months you may be debt free and ready to get on with your life.
Start getting your life back today. Learn about all of your debt relief options, including bankruptcy, during a free case evaluation with a local bankruptcy lawyer. Simply complete the free form on this page to connect today.
Many times, however, bankruptcy alternatives simply aren’t strong enough to get the job done.
Take credit counseling, for example. While it may seem like an attractive option, there are many times when filing bankruptcy may be a better alternative.
When you need to stop foreclosure, repossession, wage garnishment.
Bankruptcy’s automatic stay has the power to stop pending foreclosure and repossession. And, if you’re seeing your wages taken by creditors, the bankruptcy automatic stay can stop that, too, along with any other collection efforts on the debts included in your filing.
The automatic stay should be in place for the duration of your bankruptcy case. So not only does bankruptcy provide the tools to clear debt, it may also give you the room to breathe while you retake control of your life.
When you‘re looking for a legally protected way to discharge your debt.
Plans and negotiation can fall apart. A business holding your settlement payment can go out of business.
But the bankruptcy process is part of United States law. When you file bankruptcy there are laws in place to protect and secure your actions. When the automatic stay is enacted, creditors must stop calling and sending letters or face legal consequences. In a successful Chapter 7 bankruptcy discharge, your creditors must clear those debts. There’s nothing to negotiate because it’s simply part of the law.
When you need help from a local legal professional.
Will your debt relief plan keep your home, car and other possessions safe? Will you need to pay taxes on any forgiven debt? Don’t leave these important questions to someone you don’t trust.
A local bankruptcy lawyer can answer your questions about how the laws in your state apply to you. A lawyer can explain all of your options in person, and help you make an informed decision. Plus, if you act today, you can get a free case evaluation with bankruptcy attorney near you.
When you don’t have the income to pay back your bills.
Credit settlement requires you to make a large lump sum payment to your creditors. Plus, you may have to pay taxes on any debt that is forgiven, which means you’ll have to find more cash.
In a Chapter 7 bankruptcy, however, there are no regular payments, no taxes on cleared debt and no lump sum payment. Once you file and complete the requirements, your eligible debts included in the filing are cleared. In only a few months you may be debt free and ready to get on with your life.
Start getting your life back today. Learn about all of your debt relief options, including bankruptcy, during a free case evaluation with a local bankruptcy lawyer. Simply complete the free form on this page to connect today.
