Advantages of Filing Bankruptcy

Here are some of the advantages you may be entitled to receive depending upon they type of bankruptcy you file:

• Immediately stops all calls and letters from bill collectors.
• Immediately stops all home foreclosures and lawsuits.
• Does not affect car payments if you want to keep your car and continue making payments.
• Stops interest charges on credit cards.
• Gives you a fresh start.
• May allow for reinstatement of your driver’s license if it was suspendend because of an auto accident.
• Opens up the door for new credit (including VISA and MASTERCARD).
• Allows you to catch up on car and house payments.
• Gets rid of past due bills.
• Stops bank garnishments and wage deductions.
• Allows you to keep all of your personal belongings and furnishings (up to a legal limit which has doubled since the beginning of the year).
• Cancels all past due utility bills with only a deposit needed to reinstate service.
• Allows you to immediately start a new savings plan.