Bankruptcy
Is Bankruptcy The Right Choice?
Bankruptcy is a legal proceeding for individuals who cannot repay their debts. Bankruptcy can offer individuals a fresh start and stop creditors from taking any legal action against you while you are active in your bankruptcy case. Bankruptcy may not be the right choice.
Bankruptcy can:
- Give you a fresh start by the elimination of all or some of the debts you owe.
- Stop Foreclosure and allow you to catch up on your past payments.
- Bankruptcy will not immediately eliminate your mortgage or any liens that are currently associated with your property.
- Stop debt collection harassment and wage garnishment.
- Prevent utility companies from shutting off service and could restore previously discontinued service
- Prevent repossession of your vehicle.
- Eliminate certain kinds of liens.
Bankruptcy won’t:
- Eliminate child support or alimony obligations.
- Wipe out student loan debt.
- Eliminate most tax debt.
- Eliminate other non-dischargeable debt such as debts you forgot to include in the filing, fines imposed by the law, and debts for personal injury caused by an intoxicated driver.
- Prevent a secured creditor from possessing property
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*** We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. ***