Understanding bankruptcy

What are the benefits to filing bankruptcy?

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Bankruptcy is not the best option for everyone. Every financial situation is different and each chapter of bankruptcy produces different results. That’s why it’s important to talk with an experienced bankruptcy attorney who can help you determine the best solution for your individual needs. However, you may be surprised by the possible benefits of filing bankruptcy, which can include:

  • Stopping foreclosure
  • Keeping your home
  • Keeping your car
  • Wiping out old debts
  • Starting fresh with a blank slate
  • Coming up with an affordable plan to pay off debtors
  • Walking away from debt that is holding you back
  • Rebuilding your credit score
  • Stopping harassment from creditors
  • Stopping garnishment

Other popular bankruptcy questions

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What are the benefits to filing bankruptcy?
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