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Bankruptcy Benefits

Benefits to Filing for Bankruptcy

What Are the Benefits of Bankruptcy?

There are many myths about bankruptcy. Most of them surround the falsehood that there are no benefits to filing bankruptcy other than getting rid of your debt. In the firm's 15 years of practice, we have observed significant benefits to our client's lives and happiness from the relief experienced with a discharging of debt. Once the bankruptcy petition is filed, an automatic stay is issued by the court, or an injunction that will stop potential and actual lawsuits, foreclosures, garnishments and most other collection actions with which you are struggling. This initial period of relief gives them the mental and emotional bandwidth to begin creating their new financial future.

An Irvine bankruptcy lawyer from the firm can answer all of your questions concerning bankruptcy and help you to begin experiencing the relief that comes with the ability to resolve your debts. In Chapter 7 bankruptcy the entire process for those who are qualified can take as little as a few months. Under Chapter 13 you may be able to put off foreclosure of your home. Under Chapter 11, you may be able to rid your business of obligations that are preventing you from growing your business.

Enjoy the Advantages of Bankruptcy Today

There are many benefits to bankruptcy and it is important that you understand that the stigma sometimes associated with it is normally borne out of ignorance and falsehoods. Bankruptcy, for those who qualify is a legal and workable option when buried in debt for various reasons. It is so unfortunate that individuals, families and businesses struggle for years with no improvement when there are legal options that could help them tremendously. Don't allow crushing financial debt ruin your life or the lives of your family.