Benefits of filing Bankruptcy
Bay Area Bankruptcy Lawyer and San Jose Debt Relief Attorney
Filing bankruptcy to wipe off and eliminate hospital bills, credit card bills, mortgage debts, and other debts may be a very positive choice for a number of individual debtors to help them start fresh and reduce their financial burden and hardship. Some of the benefits for filing bankruptcy by a debtor include:
1. Discharge of Debts: Filing BK helps the debtor to discharge most or all of his or her debts. This means that the debtor is no longer responsible for the debts.
2. Prevents Repossession: Bankruptcy can prevent property like a car from being repossessed and sold for the interest of the creditors.
3. Stop Bill Collectors: Filing Bankruptcy will delay and stop the collection process against you. Creditors must stop attempting to collect on the debts either through phone calls or letters..
4. Stop Utility Companies: Filing bankruptcy will delay and prevents you from having your utilities cut off. However, utilities companies may apply to lift the stay or require payment.
5. Stops wage garnishment: Filing a bankruptcy petition and getting a bankruptcy discharge may delay and stop wage garnishment. This will allow you time to negotiate with creditor.
6. Delay Foreclosure Process: Help you delay foreclosure process and gives you time to catch up on payments. You can accomplish this by filing chapter 13 bankruptcy.
7. Stop Annoying Phone Calls & Harassment: Collection agencies are very notorious on their practice. Filing bankruptcy activates the automatic stay that will stop them.
8. Rebuild your Credit: Bankruptcy allows you a fresh start to rebuilding your credit that has been damaged by late payments.
9. After Bankruptcy: All or most of your debts are now eliminated. You must manage your money very well to avoid making the same mistake again. You must budget well and pay cash for most purchase.
10. Stop Pending Lawsuits and Court Judgments: Debtors can stop pending lawsuits and court judgment by filing bankruptcy. All contacts with the debtor will seize until the bankruptcy court lifts the automatic stay or discharge the case. Please contact the San Jose Bankruptcy & Debt Relief Law Office of Geoffrey Nwosu located in Silicon Valley, Bay Area at 408-912-5983 or www.nwosulaw.com for a confidential free consultation.
Filing bankruptcy In San Jose bankruptcy division, bay area will allow you to discharge of a number of debts but there are debts that can not be legally dischargeable. They are called non-dischargeable debts and include family support, student loans, recent taxes owed, and criminal fines. Secured debts like liens and mortgages will also survive bankruptcy procedures since they are secured by either collateral or guaranteed by the federal government.
Why Should You Choose The Law Office of Geoffrey Nwosu?
- Payment Plans Available
- Personal attention and fast service
- A review of all options that may be used to solve your current financial situation.
- We will review with you the alternatives to bankruptcy, such as loan modification & debt settlement.
- A clear and concise budget that will allow you to achieve the goals that you set.
- We can help stop your creditors from harassing you.
- Free Consultation
- Appointment Flexibility
Bankruptcy Assistance – California Attorney helping San Jose Bay Area debtor’s to file Bankruptcy
Our San bankruptcy attorneys and bay area bankruptcy lawyers at our law office will speak to you for free about filing bankruptcy. This discussion will cover consumer debts bankruptcy, personal bankruptcy, chapter 7 bankruptcy, chapter 13 bankruptcy, chapter 11 bankruptcy, business bankruptcy and non bankruptcy solution. We have assisted many clients in filing their bankruptcy petitions in Santa Clara County and Alameda County. Please contact us at 408-912-5983 or www.nwosulaw.com for a confidential free consultation.
The bankruptcy Law Office of Geoffrey Nwosu is located in San Jose Bay Area. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
