What are the Benefits of Filing for Bankruptcy?

person using laptop

If you are debating if filing for bankruptcy is right for you, you are likely wondering about the benefit of this process. To learn more about the benefits of filing for bankruptcy and the reasons people take the plunge to file, continue reading. For assistance with any bankruptcy matters, do not hesitate to give our experienced Rockland County bankruptcy attorney a call. Our legal team has years of experience assisting clients like yourself. Give our firm a call today to learn more about our services and how we can help. Here are some questions you may have about the bankruptcy process ahead:

What are the benefits of filing for bankruptcy?

For thousands of Americas who seek bankruptcy to receive financial relief, there are many benefits of filing. There are different benefits for each circumstance, depending on your situation. One of the most common reasons that people file is to stop a foreclosure on their home. An automatic stay will be triggered by filing for bankruptcy meaning that credits will have to cease all collection activities.

Another benefit of filing for bankruptcy is that it puts a stop to threatening calls, emails, and letters from collection agencies. Bankruptcy will stop all debt lawsuits from creditors until the case is resolved. If an individual’s wages are being garnished, bankruptcy can put an end to this. Filing for bankruptcy can discharge a significant amount of debt. Bankruptcy allows individuals to work out a repayment plan that will allow them to get their finances in order. Finally, bankruptcy gives individuals a fresh start.

Should I hire an attorney?

When filing for bankruptcy, it is beneficial to retain the services of a Rockland County bankruptcy attorney. Having an attorney on your side who understands the details of bankruptcy law will give you a significant leg up. Your attorney will know how to deal with collection agencies, credits, and all other entities you will encounter throughout this process. Our bankruptcy firm is prepared to assist you when you are ready. We have helped countless individuals like yourself and are prepared to take on your case today. Give our firm a call to schedule your initial consultation to learn more about our services and experience. We are looking forward to hearing from you.

Contact our experienced New York firm

Bankruptcy, for many people, is a frightening endeavor. Fortunately, with the help of an experienced attorney, it does not have to be. If you require the services of an experienced Business Law or Bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options. We will have your back every step of the way.