Many of us have been in a rough financial situation before. Maybe you were faced with some unexpected circumstances which lead you to incur an amount of debt which you simply could not pay back. Luckily there is a way to get a fresh start and begin building your life the way that you had always planned on before any of these negative situations occurred. Working with a bankruptcy attorney can help you eliminate your debt and get that fresh start that you desire.
A bankruptcy attorney in Fairfax VA will be able to provide you with immediate benefits once you begin the process. They will be able to enact an automatic stay on your assets so that debt collectors will not be allowed to continue their collection efforts. This means that you will not have you home foreclosed upon, your assets repossessed, and all of the annoying calls which are constantly occurring will stop. This peace of mind that you can gain through this one simple act will have you wondering why you didn’t start the process earlier.
One of the biggest advantages of working with a bankruptcy attorney in Fairfax VA is that you will be able to get a fresh start without losing your home or your car. This is one of the most important factors to many people across the country. Being able to keep the home that they have worked so hard for and have come to love is one of the main motivators for many people. You will be eliminating most of your unsecured debts which include credit card and medical debts, which will permit you to keep your home and car as long as you stay current on the payments following your filing.
Working with a bankruptcy attorney in Fairfax VA to eliminate your debt will also help you prevent further damage to your credit score. When you file for bankruptcy it will stop the negative reporting which is being done by your creditor. They will be required to report that your debts have been discharged and your credit score will no longer be continually dropping. This fresh start will allow you the opportunity to build your score back up and in time, with the right steps, you can once again be the owner of a good credit score.