Raleigh Bankruptcy Lawyer: Benefits of Bankruptcy

Are there benefits to bankruptcy?

If you are considering filing a bankruptcy petition, you have likely been under a great deal of stress and may believe that you are out of options. You are perhaps feeling ashamed and defeated and are holding out, thinking that there is nothing worse than having to file bankruptcy. Well, there is good news for you! Please contact a Raleigh bankruptcy attorney at The Chetson Firm today and get the information you need about the very real benefits of filing for bankruptcy. The earlier you make contact, the sooner you can start moving forward towards the financial security that you need.

Bankruptcy Attorney in Raleigh

Most consumers are pleased to find out that there are benefits to bankruptcy and that there can truly be a financially productive life after bankruptcy. First, from the moment that you file until your bankruptcy is complete, your creditors can no longer take any action against you under the "automatic stay" provision. That includes such things as phone calls, mailings, repossessions, wage garnishment and home foreclosure. If they do, you will receive an additional benefit to your hiring of the firm in your bankruptcy process, as your attorney will aggressively pursue legal action to stop abusive debt collectors and other creditor harassments.

The second and third benefits concern your debt discharge. In a Chapter 7 filing, you can expect your debt to be discharged in 2-3 months and at that time all of your eligible unsecured debt will be eliminated. If you have filed a Chapter 13, your repayment plan will allow you 3-5 years to repay your secured debt as well as some of your unsecured debt and after that time, the remaining bills in your plan will be eliminated.

Taking charge of one's financial life can be very rewarding, with an attorney from the firm at your side. Although an individual is permitted by law to file for bankruptcy without a lawyer, there are numerous pitfalls along the way for a novice that can delay enjoying the benefits. Don't let that happen to you; reach out to an experienced bankruptcy attorney at the firm to help you start get back on track financially today.

To learn more about the benefits to bankruptcy, contact a Raleigh bankruptcy lawyer without delay.