Benefits of Filing Bankruptcy

In today’s economy, many people are finding it difficult to make ends meet and must seek relief from the demands of their creditors. There are several goals which can be attained by filing bankruptcy:

  • Get a “fresh start” from the burden of debt
  • Stop creditors from calling and visiting you
  • Stop creditors from taking you to court
  • Stop creditors from taking your property
  • Cancel non-purchase money security interests on your household goods
  • Cancel judgment liens on your exempt property
  • Reorganize your debt to a more affordable level
  • Prevent income tax liability on forgiveness of debt

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