Helping You Understand The Benefits Of Bankruptcy

Bankruptcy May Be The Right Tool For You

Below are a few brief explanations of how bankruptcy may help you. For more in-depth information, we encourage you to speak with our attorneys during a consultation.

  • A fresh start: Bankruptcy allows debtors to discharge most debts. This means that once the bankruptcy process is complete, most unsecured debts will be forgiven and you can start over with a clean slate.
  • Blocking creditor harassment: The constant calls and notices from creditors are some of the most demoralizing aspects of carrying a debt burden. When you file for bankruptcy, an automatic stay goes into place, and creditors and debt collectors will no longer be allowed to contact you. If they do, you can take legal action to hold them accountable. Additionally, filing for bankruptcy can put a stop to wage deductions and other collection methods that may be making your situation more difficult.
  • You may be able to save your home: Many people worry about losing their home to foreclosure. By filing for Chapter 13 bankruptcy, you can gradually make mortgage payments and keep your family in the family home.
  • Peace of mind: This is perhaps one of the greatest benefits bankruptcy has to offer. For many people, debt causes significant stress and anxiety. By filing for bankruptcy, you can feel better knowing you have an experienced lawyer by your side as you take meaningful steps to getting debt-free.

At David R. Badger, P.A., we want to be your resources and representatives. When you have questions, we are here to provide answers. If you are worried about filing for bankruptcy, we want to help alleviate those concerns.

Related FAQS

Could I lose all my most valuable possessions?

Although Chapter 7 bankruptcy is often referred to as liquidation, the truth is that a majority of debtors who file for bankruptcy are able to keep their assets and property. Our attorneys can work with you and explain the numerous bankruptcy exemptions and how they apply to you.