Understanding what filing a chapter 13 in Valdosta can do for you can take the fear out of filing. A lot of people get the relief that they need from financial worries by filing a Chapter 13 sometimes referred to as the “wage earner plan”. Unfortunately, many people are afraid to file bankruptcy because they believe that it is an embarrassment or that they will be judged negatively by it. The truth is that bankruptcy is a tool that helps to protect consumers just like you. There are three main benefits you can get from filing a chapter that becomes effective the minute your paperwork is done.
Understand the Benefits
When you must make tough choices every month between paying credit card debt or eating or getting the medicine that your child needs, it’s time to do something about it. Bankruptcy can be the solution you have been searching for. There are some clear benefits to filing a Chapter 13 in Valdosta with the assistance of an experienced lawyer:
- Stop foreclosure, wage garnishment and repossession
- Stop harassing phone calls
- Have an opportunity to regroup your finances
If you are facing foreclosure or repossession, bankruptcy puts into place “an automatic stay” which means that your creditors must stop all collection activity including foreclosure, repossession and attempts at wage garnishment. Your creditors are not allowed to contact you at all. Everything that they do has to go through your lawyer or the bankruptcy court.
Regroup in Peace
One of the biggest benefits of filing bankruptcy is that you can regroup your finances in peace without the threat of collection activities hanging over you. The process might be tough at times, and you need all the help you can get to take some of the load off you. Charles Farrell Attorney at Law can help you to get your bankruptcy filed and put an end to the stress and worry!