The Benefits of Bankruptcy

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 you and your family with your debt problems.

The bankruptcy law changed in October 2005. Despite the change in the law, many people will still be able to file bankruptcy and eliminate all of their debts.

Depending on your situation, a Chapter 7 bankruptcy can do the following:

  • Stop Abusive Creditors.
  • Stop Harassing Telephone Calls.
  • Stop Collection Letters.
  • Stop Lawsuits, Wage Garnishments.
  • Stop Bank Attachments.
  • Stop Evictions, Foreclosures and Repossessions.
  • Stop Creditor Abuse.
  • Save Your House and Business.
  • Get Rid of Credit Card Debt, Medical Bills and Personal Loans.
  • Get Rid of all Dischargeable IRS and State Taxes.

 If you or someone you know needs our help, please call us today for a free telephone consultation.

The bankruptcy law is designed to give people with a lot of debt, a fresh financial 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 years with bad credit after filing bankruptcy. Bankruptcy will be on your credit report for 10 years, but even so, you can have good credit in just three years. Many of our clients have purchased cars and even qualified for mortgages two to three years after bankruptcy.

People who file bankruptcy are often surprised by how quickly they’ll start getting credit card offers in the mail again. Offers for unsecured or secured credit cards (which require a deposit to the bank) with a low limit can arrive within a month of the debt discharge. Some of these cards are unsecured. Some are even offered to people by the same credit card company that was listed in the bankruptcy.

If you have been sued, or your paycheck or bank account is being garnished, contact the Parker Law Firm at 770-246-1331 or at info@theparkerlawfirm.net.

We’ll help you get the fresh financial start you need!