When most people hear the word bankruptcy, they imagine a person who has failed at the task of properly managing their finances. While this may be true, those who are considering filing for bankruptcy may want to change their perspective on the matter. The truth is that bankruptcy can be used as a powerful tool to help people regain control of their finances and triumph over their debt woes. Here are just a few of the ways that bankruptcy can help make that happen for you.
* As soon as your bankruptcy petition is filed, you will be granted an automatic stay. This means that all debt collection agencies must cease their efforts to collect anything from you. In turn, you’ll be able to get away from those daily harassing phone calls from creditors demanding money you don’t have, and you won’t need to worry about facing wage garnishments or bank levies. Instead, you can have the peace of mind that comes with knowing that your petition for bankruptcy in St. Charles, MO, is working on your behalf to help stop the harassment and reclaim your finances.
* For many consumers, a Chapter 7 bankruptcy petition can be the ultimate financial triumph because it wipes out your unsecured debts and you no longer have to be concerned with debt you can’t pay. Even if you fail the means test or want to hang on to your home and car, and need to file for Chapter 13 bankruptcy in St. Charles, MO, you’ll still have your debt reorganized in a way that allows you to eliminate penalties, make payments according to your budget, and wipe out what cannot be paid back by the time your bankruptcy case closes.
While filing for bankruptcy in St. Charles, MO may mean that you have made a few mistakes in the way you handle money, it in no way means that your financial outlook has to remain dim. In fact, bankruptcy can help consumers move toward a fresh start on the path to a better financial future. For those who have found themselves drowning in debt, you need to know that the team at the Law Offices of Steven K. Brown can assist you in turning things around. When you trust them with your bankruptcy case, you can rest assured that you’re receiving sound advice on how to create a better life for yourself and those you love. Visit domain URL for more information.
