Stop Harassing Creditor Calls.
Often, creditors will persistently call the home of a particular debtor with demeaning and abusive behavior. Not only is this unethical it can rise to the level of unlawful. Bankruptcy can stop the harassing phone calls and other inappropriate behavior.
If your home is in risk of foreclosure then your utility bill may also be in risk of being terminated. Filing bankruptcy can prevent the utility company from leaving you in the dark, literally.
Stop Wage Garnishments.
A garnishment is the withholding of a portion of an individual’s paycheck by an employer to be applied to a debt owed by the individual. The amount withheld from the paycheck is sent by the employer to the employee’s creditor to be applied to the outstanding debt. A Chapter 7 or a Chapter 13 bankruptcy can help stop wage garnishments.
Save your Financial Well Being
Bankruptcy may ruin your credit; but if you are already drowning in debt then your credit is probably so low it wouldn’t matter anyway. Filing bankruptcy can put you on the right track to becoming financially stable. This is one of the reasons why a bankruptcy doesn’t stay on your credit forever, in fact, after ten years it is wiped clean from your credit (as well as all of those debts you filed on). It is basically like that hard time in your life never happened.