SHOULD I FILE BANKRUPTCY?
Many people with serious debt problems put off filing bankruptcy because they are afraid it will damage their credit report.
If you have more debt than you can pay, bankruptcy can be the first step in improving your credit.
For many people, bankruptcy is the fastest and most effective way to solve debt problems.
Filing bankruptcy allows you to:
• Eliminate credit card debt, hospital bills, unsecured loans and lines of credit
• Eliminate second mortgages
• Stop garnishments, lawsuits and other attempts to recover debts
• Stop repossession of your car or other property using the bankruptcy automatic stay
• Stop foreclosure of your home to give you time to modify your mortgage using the automatic stay
• Put an immediate stop to calls from creditors
• Filing bankruptcy does not have the stigma it once had. Donald Trump, Walt Disney and many other successful people used bankruptcy as a way to get a fresh financial start.
When you file Chapter 7 bankruptcy, the bankruptcy trustee can take certain assets and sell them to pay your creditors.
Many assets are protected by bankruptcy exceptions, including:
• Retirement savings
• Equity in your home
• A car up to a certain value
• Personal belongings up to a certain value
Call Now (305)239-4699 | Florida Bankruptcy Lawyers in Miami
