Many people have faced tough financial times before. Whether or not you were able to control the circumstances that led you into debt may make it much more frustrating to be in such deep water financially. When it comes to getting your finances back in order and returning to living the life that you had planned for yourself and your family sometimes it is best to get a fresh start. Filing for Chapter 7 Bankruptcy in Washington DC can give you the fresh start that you need and allow you to start building for yourself again.
There are many benefits that are available to you when you file for Chapter 7 Bankruptcy in Washington DC. One of the most convenient ones is that you will have protection from creditors. This means that once you file for bankruptcy your creditors cannot continue to call you and demand the payment of the outstanding balance. They will not be able to proceed with lawsuits, judgments, or garnishment of your wages. This can allow you a little bit of breathing room to get back on your feet and stop the constant harassment that you have been subjected to.
Chapter 7 Bankruptcy will provide you with a fresh start in Washington DC. By eliminating most of the debts that you owe you will be able to start planning your life the way that you want it again. Many people are worried that this will destroy their credit score but it is possible to rebuild it after you have filed. The nonpayment of your debts is probably harming your score more than performing well with a fresh start has the potential to do in the future.
One of the major benefits of filing Chapter 7 Bankruptcy in Washington DC is that you will be able to keep your car and home. You will be eliminating most of your unsecured debts which include credit card, medical debt, and personal loans, which will allow you to keep your home and car as long as you maintain your future payments. This will also wipe out your personal liability on the mortgage or car note that you currently possess. You will be able to have a home base to start from with the financial fresh start that you have been provided.
Andrews Law Firm has helped many clients through the bankruptcy process with their professional legal counsel and years of experience.
