Benefits Of Bankruptcy
What are Advantages of Filing Bankruptcy?
While it is true that filing bankruptcy can affect a person’s finances, for many, filing is the best option. Every person’s financial circumstance are unique to his or her situation. Deciding if or when to file for bankruptcy is a complicated process and the consequences of making the wrong decision can be considerable. It’s important to consult with an experienced bankruptcy attorney to determine your best options. Oftentimes, those struggling with the decision ask, “What are the advantages of filing bankruptcy?”
Stop Wage Garnishment
Stop Foreclosure and Repossession
If a creditor tries to collect a debt from you after the court has granted your automatic stay, your attorney can bring a contempt of court action against them. However, an automatic stay does not stop criminal proceedings, government tax audits, child support or alimony, or co-signers and co-debtors.
Everyone’s financial situation is unique to them. Deciding to file for bankruptcy should be a well informed decision. At O’Bryan Law Offices, we offer a free consultation to answer the questions you may have about the drawbacks or advantages of filing for bankruptcy. We’re a family-owned firm with years of experience helping clients get back on their feet. For more information, contact O’Bryan Law Offices for a free consultation.