You’re thinking about filing for bankruptcy and you haven’t even decided on a chapter yet, but you’re probably already hearing “Oh, bankruptcy… That bad, eh?” and other questions with a similar end. Well’ to that we say ignore them, understand all the advantages bankruptcy has to offer and start thinking about hiring an experienced Chapter 7 bankruptcy lawyer in San Diego to handle your case and maximize the benefits you’ll receive. Bankruptcy isn’t bad – it’s great!
Why should I file Chapter 7 bankruptcy?
Now we come to the essence of why you’re actually thinking about filing bankruptcy, and that’s all the benefits it will introduce into your life. As we’ve said and will continue to emphasize, don’t trust the naysayers who think bankruptcy represents the crash of your life when it’s the exact opposite.
Grant them a smile once you’re done filing and once you’ve secured a fresh financial start. However, know that there’s also a lot more to bankruptcy than just debt elimination, which is why we’re going to explore all the advantages it can offer. Onward!
Forgiveness of debt
First and foremost, as we’ve mentioned, bankruptcy primarily serves to eliminate your debt (but also does so much more). This is a fast process that allows you to relatively quickly pay off all your creditors and discharge a large portion of your existing debt. Filing under this chapter means you have no need for paying off any qualifying debt, as it’s wiped clean. Some of the debt Chapter 7 can erase include various types of unsecured debt, such as personal loans and credit card balances.
Creditor harassment relief
You know how lately you didn’t have a peaceful moment for yourself without one creditor or another harassing you with endless phone calls, text messages, emails, and other forms of communication? Well hello there Chapter 7, thank you for putting an immediate stop to all forms of harassment and collection attempts from my creditors. This is an essential benefit of this bankruptcy as it will grant you peace of mind from incessant creditor actions.
If you’re worried that Chapter 7 will require you to sell off all of your property to repay your debt, you’ll be glad to know you’re wrong. This type of bankruptcy brings with itself numerous personal property exemptions that allow you to keep possession of your home, household goods, vehicle, and other items you require for personal care. The idea behind Chapter 7 is to leave you with as many items of property as possible.
Chapter 7 allows you to start rebuilding your credit score immediately after successfully filing for bankruptcy through prudent financial planning and decision making that ensures you don’t make the same mistakes twice.
Fast process for a fresh start
Finally, the process of filing Chapter 7 bankruptcy is relatively fast, meaning that you’ll receive debt discharge in as few as 60 to 90 days upon filing. This will grant you a fresh financial start in a short period of time, allowing you to continue your life worry-free.
Which experienced Chapter 7 bankruptcy lawyer in San Diego can help me file?
As you can clearly see, there are so many benefits of filing Chapter 7 that we really don’t know what you’re waiting for. If you’re looking to be extra certain, we understand, so explore the types of debt Chapter 7 can eliminate, see how this bankruptcy can put a stop to your wage garnishments and finalize your choice of bankruptcy by deciding whether you should file Chapter 7 or 13, just in case. And then, it’s time for the most important thing of all.
We mean finding the leading legal counsel that will help you experience a seamless and streamlined bankruptcy process without any hassle or stress. At Bankruptcy Law Offices of Mark L. Miller, our goal is to help relax you, explain the process in detail and help you understand just how great of an option bankruptcy can be for your situation. Trust us, once we’re done, you’ll be able to enjoy Balboa Park in all its beauty once again.