What is Bankruptcy and Debt Relief?  

Bankruptcy and Debt Relief refers to certain laws created to help you get out of debt. The purpose of these laws are to give you a "fresh start". Bankruptcy court offers two main paths for people who are in debt. Chapter 13 gives people time to pay a percentage of their bills while they are protected from their creditors. A court-appointed trustee supervises repayment in monthly installments over three to five years. Chapter 7 legally erases debts for which creditors do not hold any collateral, such as credit card balances and hospital bills. 

Here are six things you need to know:  

1: Bankruptcy and Debt Relief can get rid of the stress and pressure. Having more bills than you can pay causes stress. Creditors who harass you for payments cause most of the stress. Filing for Bankruptcy or Debt Relief can get rid of this stress - without delay. You may be relieved of any obligation to pay or you may work out a plan for extending and repaying debt through a Chapter 13 reorganization without the pressure. 

2: You should not believe what you hear about Bankruptcy law. There are many misconceptions and "old wives tales" about this area of law. Get professional advice. A consultation is usually free! 

3: Most people believe that if you file Bankruptcy, you lose all of your property. This is simply not true. Most people who file Bankruptcy lose nothing except bills and bill collectors. 

4: Bankruptcy probably will not hurt your credit. In fact, filing Bankruptcy may be the first step toward fixing your credit. 

5: Bankruptcies are not published in the newspaper, and generally, the only way that your employer, family or friends would find out you filed is if you tell them. You cannot lose your job or be denied a license because of filing 

6: Going to see an attorney does not mean that you are going to file. That decision is yours. It does mean that you will find out information about your rights and the truth about Bankruptcy or Debt Relief, as it applies to you. 

A Federal and State Approved Agency providing DEBT RELIEF under Federal Bankruptcy Law for over 30 years!

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