The benefits of filing bankruptcy

Bankruptcy is usually the last thing most consumers would think of when trying to resolve a bad financial situation. Bankruptcy, while a serious decision to make, does offer consumers a legal way to relieve themselves of debts that they otherwise may not be able to resolve. Bankruptcy offers you a fresh start financially as well as protection from being harassed by creditors.

Chapter 7 is typically filed by consumers that have few if any assets. It can help consumers start over, with their past debts relieved. Chapter 13 is for those consumers that have a major asset they wish to keep, such as a house. It can help consumers by getting rid of some debt while making it easier to manage the remaining debt.

Both Chapter 7 and Chapter 13 filings have advantages and disadvantages, so it is important to fully research your options and discuss them with an attorney experienced in these processes.

Bankruptcy is a hard decision to come to and you will benefit greatly from professional advice. Schwilm & Lezman, P.A. Bankruptcy Attorneys can answer all your questions and assist you with creating a solution that works for you so you can rebuild your life. Call us for immediate legal assistance at (704) 567-3824 for our Mooresville office . Our experienced attorneys can help you get debt free in these areas: Mooresville, Mount Holly, Gastonia, Gaston, Iredell, Statesville, and Belmont.