Should I File for Bankruptcy - A Fresh Start

Should I File for Bankruptcy - A Fresh Start

     

    During these unstable financial times, many individuals and families are finding it difficult to keep up with their bills, no matter how frugal they may be. Although bankruptcy may seem ominous to the general public, attorney's know that is often the best way to gain financial freedom. Bankruptcy can help you:

● Eliminate the legal obligation to pay most or all of your debts. This is called a “discharge” of debts. It is designed to give you a fresh financial start.

● Stop foreclosure on your house or manufactured home and allow you an opportunity to catch up on missed payments. (Bankruptcy does not, however, automatically eliminate mortgages and other liens on your property without payment.)

● Prevent repossession of a car or other property.

● Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.

● Restore or prevent termination of utility service.

● Allow you to challenge the claims of creditors who have committed fraud or who are otherwise trying to collect more than you really owe.

    Many people worry about the impact that bankruptcy will have on their future life and record, which is understandable, but not always justified. There are many myths surrounding bankruptcy, which we will be covering in a separate blog post, however it's important to note that our clients feel an enormous sense of relief and begin rebuilding their credit immediately after the bankruptcy process is over. 

    With over 20 years of experience and hundreds of satisfied bankruptcy clients, The Tancredo Law Firm can help you with whatever financial stress you are experiencing. Our attorney offers free bankruptcy consultations through Zoom or in-office. With an overview of your unique financial situation, we can help get you on the best track. Call our office today to learn what we can do for you.