Benefits of Bankruptcy

The Law Offices of Dennis R. Wheeler

The idea of benefiting from bankruptcy may seem like an absurd idea, however; there are several benefits of bankruptcy. One of the main benefits in filing for bankruptcy is the protection from creditors afforded by the automatic stay. This automatic stay involves court imposed injunction that is there to stop lawsuits, foreclosures, and garnishments. This protection plan will help you preserve your assets and some relief that you are protected until the case is over. Another benefit involves discharge of debts. This means you are released from personal liability from some types of debts and have no legal requirement to pay any of those debts. Lastly, the best benefit from filing for bankruptcy is a fresh financial start. After your case is over, you get a fresh start of any obligation to repay discharged debts.

My closing thoughts: Regain your dignity and go through life without having to worry about your debts! The Law Offices of Dennis R. Wheeler can help with debt relief in both the Chapter 7 & Chapter 13 Bankruptcy. If you are struggling to make ends meet, have more debt than you can handle, call their office today to schedule a free consultation and let them help you understand the debt relief options available.