Bankruptcy can put an immediate end to creditor harassment. It can stop a foreclosure dead is its tracks and save your family home. It can prevent wage garnishments and eliminate specific types of liens. Bankruptcy can prevent your vehicle or other valuable assets from being repossessed. Debts can be completely discharged or restructured through bankruptcy so as to allow for repayment within a reasonable period of time. It can also bring you relief from the financial struggles you have had to endure. Each bankruptcy case is different however, so it is important to consult with an experienced bankruptcy attorney to find out specifically what bankruptcy can do for you. According to statistics provided by U.S. bankruptcy courts more than 1.2 million individuals filed for bankruptcy protection during 2012.
Over 840,000 of those who filed did so through Chapter 7 bankruptcy, while close to 367,000 filed for Chapter 13 and more than 10,000 filed for Chapter 11. Despite these staggering statistics, numerous bankruptcy myths and stories have circulated around over the years resulting in many individuals coming to the mistaken conclusion that bankruptcy is not right for them. Having a large amount of unsecured debt without the resources from which to repay that debt in a timely fashion, being actively harassed by creditors and debt collectors, using credit cards to pay off other loans, being constantly worried about how you will be able to pay even the most basic bills, and tapping into your savings or retirement accounts in an effort to not fall behind are all warning signs that you may be headed for bankruptcy. Bankruptcy is not a bad thing.
It is a legal process through which an individual can alleviate his or her economic misfortunes and woes. It can be remarkably beneficial to both individuals and businesses, and can help either get back on the road to financial prosperity. To find out how you can benefit from bankruptcy, I recommend you meet with me, Rick Flume as soon as possible. I am a skilled San Antonio bankruptcy attorney who has spent the last 14 years helping people resolve their serious debt problems and obtain the financial relief they desperately need. Make an investment in your future, call my firm now.
