Chapter 7 bankruptcy can help you get out of debt
Are you struggling to pay your bills? Are you worried that you could lose your home in a foreclosure? These are very serious issues that you have to resolve.
Fortunately, there are several ways you can solve a debt dilemma that can help you get back on track financially. Chapter 7 bankruptcy is one of those options. Chapter 7 bankruptcy is one of the fastest ways to stop creditors and others from harassing you about your debt. This type of bankruptcy also helps you eliminate debt, so you can start over without your debts hanging over your head.
From the minute you file for bankruptcy, your creditors will not be able to contact you. If they do, you must tell them that you’re filing for bankruptcy, and they should stop after learning that information. Chapter 7 bankruptcy also stops foreclosure, so you could be able to protect and stay living in your home. Repossessions and wage garnishments are halted when you decide to enter into Chapter 7 bankruptcy. So, if you’re still working, those wages are protected and no one is able to touch them except you.
While you may worry that your home or vehicle will be taken if you file for bankruptcy, that isn’t always true. Cars, homes, and other assets may be protected by exemptions, so you can keep the items you need most in your life. This way, you won’t be starting over from nothing, you’ll just be starting over without the debt that was holding you back. Our website has more information on Chapter 7 bankruptcy, so you can learn more.