What does bankruptcy do for you?

Categories: FAQs

Bankruptcy is a tool, guaranteed to everyone in the U. S. Constitution, that you can use to get back on track with your financial life during your lifetime. For the problems bankruptcy can efficiently solve, there is no faster or more thorough option.
 
Bankruptcy brings all of your creditors together with all of the assets you have and says to all of them: “This is what the Debtor has, and nothing else. You are entitled to your portion of what the debtor has, if anything, and nothing else. Once this case is filed, you cannot bother the debtor anymore about your debts owed. You must leave the debtor alone or the Debtor can pursue you, the party owed money, for violating this court’s cease and desist collections order if you continue to bother the Debtor. Now, let the Debtor be in peace.”
 
Bankruptcy serves as a pressure relief valve for you to get you financial freedom back, free from the incessant and irritating collection calls, free from threat of garnishment, knowing that you are under the protection of the United States Bankruptcy Court. Although typically discovered after exhausting other options, bankruptcy provides a much-needed light at the end of the tunnel for hundreds of thousand of people each year.