Stop Creditor Harassment and Wage Garnishment
If you are reading this page, you may be considering bankruptcy as a way to get out of debt. You may be receiving harassing phone calls and threatening letters from bill collectors, or perhaps your paycheck is being garnished or your bank account levied. You may be afraid of losing your house or car.
If you are under this kind of stress, it is important to know that you are not alone: Millions of other Americans are experiencing similar financial struggles, whether due to the poor economy, to a divorce or a medical condition, to a bad mortgage or to other factors. If you have done everything you can to fix the problem on your own and you are still unable to pay your bills, Chapter 7 bankruptcy can be a powerful way to get out of debt.
Get Out of Debt. Move On From the Past.
Chapter 7 bankruptcy is a legal right based on federal law and protected by the constitution. When you file a Chapter 7, most or all of your debts are canceled, and your creditors are ordered to stop contacting you. Chapter 7 can help you get relief from the burden of not being able to pay off debts like:
- Credit card debt
- Medical bills of all kinds
- Personal loans
- Check and payday loans
- Collection accounts
- Finance company loans
- Federal and state taxes
It is important to understand the pros and cons associated with Chapter 7. You may have to give up certain assets like a house or a car, and your credit history will be impacted. However, many people find that bankruptcy enables them to greatly improve their credit over time, since they often gain the ability to pay all their bills on time after a filing.
If you need more information, the following videos may be helpful: Bankruptcy Basics.
Contact a Lexington Debt Relief Attorney for Advice
For some people who are struggling to pay their debts, bankruptcy is an excellent solution, while it is not worthwhile for others. Call Lord Law Firm, LLC, at 803-407-4140 to speak to a Columbia Chapter 7 attorney about your situation. Experienced South Carolina lawyer Ray Lord will sit down with you, go over all your debts and help you decide if Chapter 7 or Chapter 13 bankruptcy is right for you.
