A Bankruptcy Attorney Can Help You | Charles J Schneider PC

If you are like most people, you might look at bankruptcy as a negative thing. That is actually not the case. When used correctly, bankruptcy can have a positive impact on your life. That is especially true if you work with a bankruptcy attorney.

If you are thinking about filing for bankruptcy, find six ways filing for bankruptcy can improve your life.

1. You Will Stop Being Harassed by Creditors

Creditors will use any tactic they can to get you to pay your outstanding debts. Unfortunately, some of those tactics can cross the line into harassment. Creditors may call your home at all hours of the day or night. Or, they may start calling your friends and family. Sometimes, the harassment involves making calls to your employers.

One of the benefits of hiring a bankruptcy attorney is that the harassment stops once you have an open bankruptcy case. Once your attorney files your bankruptcy case, your creditors have to stop contacting you altogether. 

2. Your Emotional Well-Being Will Improve

If your mounting debt has you losing sleep, hire a bankruptcy attorney. Calls from creditors and collection letters can hurt your emotional and physical well-being. If that is happening to you, hiring a bankruptcy attorney can help you overcome the anxiety and depression. 

3. Your Outstanding Debt Will Largely Dissolve

If your collection accounts are increasing, you may wonder how you will ever pay off all that debt. Even with payment arrangements, repaying your debt could take years. Plus, not all creditors will offer affordable repayment plans.

You will not need to worry about that when you hire a bankruptcy attorney. When you have your attorney file for Chapter 7 bankruptcy, much of your debt will be discharged, which means you will not owe on those. With Chapter 13, the courts will work to ensure that you get affordable payment plans for your outstanding debt. Your bankruptcy attorney can help you decide which bankruptcy option is best for you.

4. Your Wage Garnishments Will Stop

If creditors have garnished your bank accounts or wages, you may not have enough money left over to survive. If that has happened, hire a bankruptcy attorney. You might not know it, but when you file for bankruptcy, the garnishments stop. Creditors will no longer be able to take money from your bank accounts or attach your earnings. 

5. You Likely Will Not Lose Your Home

If you have fallen behind on your house payments, do not wait until the bank takes it away. Even if you are facing foreclosure, filing for bankruptcy can help you save your house. Your bankruptcy attorney can often help you keep your home, even after filing for bankruptcy.

Bankruptcy can help restructure your loan so that your payments are more affordable. And, once the rest of your debt gets discharged, you will have the money you need to stay current on your house payments.

6. You Will Get a Fresh Start

If you are struggling to pay your bills, it can feel like there is no end in sight. That is not the case. Filing for bankruptcy lets you get a fresh start toward financial freedom. Once your bankruptcy gets discharged, you can start rebuilding your credit. A bankruptcy attorney can help you get the fresh start you need.

Do not let rising debt affect your life. Get the help you need by calling us today. At Charles J Schneider PC, our bankruptcy attorneys are dedicated to helping you get the debt relief you need. Let us know what questions or concerns you have. We will be happy to go over anything you want to know.