The decision to file for bankruptcy can be a difficult one. However, it’s important to recognize that bankruptcy is a legal right and can be the best solution to get a handle on finances when overwhelmed with debt. An experienced Bankruptcy Lawyer in Denton TX can help clients enjoy peace of mind by getting the debt relief so desperately needed. Here are some positive things to look forward to after filing bankruptcy.
No More Harassment
All of the phone calls, letters in the mail, and emails about the debt will finally stop for good. Filing for Chapter 7 bankruptcy relieves the burden of carrying unsecured debt. Once the process is finalized, those creditors will no longer be able to make contact. These things are often distracting and get in the way of work, and even family time. It can be embarrassing when these creditors call at the workplace, so this will be a relief.
Maintain Your Home
Declaring bankruptcy will stop foreclose on a home. This will keep families in place, so they won’t have to find a new home or apartment to live in, change schools and completely uproot. Plan to maintain the home and continue living life while getting the finances in order.
While the bankruptcy will be noted on a credit report for up to 10 years, the previous debts will be discharged. This will start to improve a person’s credit rating. Over time, it can be relatively easy to repair credit.
Chapter 7 debtors seek to “wipe the slate clean” and start a new financial life. One of the goals of the Bankruptcy Code is to give debtors a fresh start, eliminating the burden of overwhelming debt. Once the debtor has received a discharge, he or she is no longer responsible for a lot of their debt. While this doesn’t include student loans, child support, and most tax liabilities, it does take a lot off of one’s shoulders.
Those considering filing or that have questions about the process can reach out to a Bankruptcy Lawyer in Denton TX. This can be a positive turning point. Visit Davidskohmattorney.com to schedule a free consultation. They have 24/7 availability for clients in Arlington, TX and surrounding areas.
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