You believe you cannot possibly be eligible for bankruptcy, correct?
Wrong. The term bankruptcy may be unfamiliar to you. However, if you declare bankruptcy, you not only halt all collection efforts against you, but you also preserve your assets.
Here are the four most common causes of bankruptcy:
#1 - Restores Your Calmness
You are aware that you cannot make payments. You do not need an unknown caller to inform you of missed or delayed payments. And you certainly do not need that stranger to be impolite about it. When you declare bankruptcy, the harassing phone calls cease.
#2 - Save Cash
The court and attorney fees associated with filing for bankruptcy can amount to several thousand dollars. However, you will be able to retain large assets such as your home, vehicle, etc. for a relatively small fee. So, is it worthwhile?
#3 - Safeguard Your Assets
When declaring bankruptcy, an automatic halt is placed on all of your assets. All collection efforts will be terminated. Consequently, the bank and/or other creditors cannot repossess your vehicle or other assets, and your home cannot go into foreclosure. You are permitted to retain all of your assets with you.
This protection order is only in effect for a few months, but during that time your bankruptcy attorney can negotiate a favorable debt repayment plan with the courts and your creditors. And you can pay off your debt progressively without fear that your assets will be seized.
#4 - Deal with Foreclosure
Filing for bankruptcy will delay the foreclosure of your property if it is in the midst of a foreclosure. However, if you file for bankruptcy before your home enters foreclosure, you can completely halt the foreclosure process.
Consult a competent bankruptcy attorney to determine if you can afford to file for bankruptcy. And when you do, what you may lose and how it can help you and your family secure a better financial future.""
" - https://www.affordablecebu.com/
