Today, many families are struggling financially under the weight of high interest credit card debts. Credit card companies and banks often bring lawsuits to collect overdue debts. Bankruptcy can potentially stop these lawsuits and help families with their debt problems.
Depending on your situation, a Chapter 7 bankruptcy can do the following:
1) Bankruptcy can eliminate the legal requirement to pay creditors. this includes credit card debts such as American Express, Visa, Mastercard, Macy’s and nearly all other credit cards.
2) Bankruptcy can stop lawsuits.
3) Bankruptcy can stop wage garnishments on salaries.
4) Bankruptcy can stop harassment at home or work.
The bankruptcy law is designed to give people with debts and financial trouble a fresh start. We also advise our clients on how to manage their credit after bankruptcy.
There is no truth to the myth that you have to go for seven (7) years with bad credit after filing bankruptcy. Bankruptcy will be on your credit report for 10 years, but many consumers work hard to rebuild their credit in the years after bankruptcy. Many consumers receive credit card offers in the months after filing bankruptcy. Many of our clients have purchased cars and even qualified for mortgages two to three years after bankruptcy.
If you or someone you know needs our help, please contact us today for a free consultation at 770-246-1331 or firstname.lastname@example.org.