There Are Many Benefits to Bankruptcy That You Should Know About.
Our professional legal services are focused on getting people in the San Diego, California, area through today's financial problems and back on track. Whether you are most concerned with preventing foreclosure on your home or with eliminating an overwhelming credit card debt load so you can keep up with basic expenses, it is important to understand the benefits of bankruptcy.
We encourage you to contact us for a free consultation on your current problems and your goals for the future. We are friendly, resourceful attorneys who will be honest with you about what bankruptcy can and cannot do for you. If you do not qualify for bankruptcy, we will not waste your time. We can offer you guidance as to other potential options. If you do qualify, we will help you weigh the benefits and detriments, and let you make your own informed decision.
Benefits to Bankruptcy
At Avraham & Robinson, LLP, we are well prepared to understand your circumstances in order to determine whether you can benefit from filing either Chapter 7 or Chapter 13 bankruptcy. These two approaches have many important differences, but possible benefits include:
- Eliminate some or all of your unsecured debts, including credit card balances
- Bring an end to creditor harassment, through an automatic stay that prohibits creditors or collectors from contacting you
- Stop or prevent judgments against you and garnishment of your wages or bank accounts
- Delay or prevent the sale of your home due to foreclosure, depending on your specific circumstances
- Relieve the burden of a second mortgage on a home that has declined substantially in market value
- Enable you to protect certain assets, including your qualified retirement accounts and other property considered exempt under the law
Get Honest Advise From Local San Diego Attorneys
When you consult with Avraham & Robinson, LLP, we ensure that you are informed about the possible detriments to bankruptcy in addition to the benefits. For example, there are indeed repercussions on your credit rating. However, this detriment rarely offsets the many benefits to bankruptcy, particularly for those who are already suffering from late bill payments and lowered credit ratings. Bankruptcy may make an initial negative impact on your credit, but it will also give you a fresh start so that you can begin the process of rebuilding your credit.
The sooner you contact us, the sooner you will understand your options — including filing bankruptcy to save your home or other ways to embark on a fresh start without crippling debt. Your meeting with one of our lawyers could even mark a new beginning for you — the return to a financially secure life with control over what happens next.
We are a San Diego, California, debt relief agency. We are licensed attorneys helping people file for relief under the Bankruptcy Code.
