Are you having trouble paying your bills each month? Are you facing a possible repossession or foreclosure action? Are debt collectors calling you at home, calling you at work, and calling your friends and relatives? If you answered yes to any of these questions, a bankruptcy case may help you solve your debt problems permanently.
Bankruptcy is the legal proceeding that provides an individual with the debt relief he or she needs to recover from a financial crisis. If you are struggling with debt problems, contact my office at 609-267-5297 for a free bankruptcy consultation. I will review all of your options for resolving your debt problems so that you can make an informed decision about what option is in your best interest.
What Can Bankruptcy Do for Me?
Filing a bankruptcy case will:
- Immediately stop collection efforts, including foreclosure, repossession, and collection lawsuits.
- Eliminate your legal responsibility to repay most, if not all, of your debts. Creditors cannot pursue collection on a discharged debt.
- Protect your property from creditors and the court by using available bankruptcy exemptions.
- Stop wage garnishments, seizures, and levies.
- Stop creditor harassment.
- Possibly void the lien on household goods for non-purchase money security interests.
What Bankruptcy Cannot Do for Me?
There are limitations to what a bankruptcy can do, including:
- Bankruptcy cannot eliminate the lien of a secured creditor, such as a mortgage loan or car loan. If you surrender the collateral, the bankruptcy will discharge your legal liability to repay the debt; however, if you want to retain the collateral, you must continue to pay the debt.
- Discharge some types of debts, such as alimony, child support, most student loans, most taxes, criminal fines, and court restitution.
- Discharge debts that you fail to list in your bankruptcy.
- Modify the terms of a first mortgage.
Finding a Solution to Your Debt Problems
Filing bankruptcy can be a positive step in building your financial well-being by eliminating your debt problems. Some people file bankruptcy because they lost their job, had a medical emergency, lost their spouse, or had a failed business. Even for those individuals who simply got in over their heads with credit and do not know how to resolve their debt problem, bankruptcy provides the opportunity to eliminate those debts and have a clean slate to begin rebuilding their finances.
The bankruptcy court does not judge debtors—it simply exists to provide relief for individuals suffering with debt problems.
Contact an Experienced Mount Holly Bankruptcy Attorney
Personal Approach, Professional Service, Affordable Payment Plans
The Law Office of Travis J. Richards, LLC is a full-service Mount Holly bankruptcy law firm focused on Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, debt consolidation, credit repair, tax liens, student loans and foreclosure. We represent clients in Burlington County and throughout South Jersey.
Contact our office at 609-267-5297 to schedule your free consultation to discuss bankruptcy and non-bankruptcy alternatives. You may also use our convenient online contact form and one of our friendly, professional staff members will contact you to answer your bankruptcy questions and/or schedule a free consultation with Travis J. Richards.
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