The Facts about Bankruptcy

Have you found yourself in a desperate financial situation? Believe it or not, there are countless individuals and families who are unexpectedly overwhelmed with their finances and unable to pay off debt. Fortunately, there is a form of relief that can give you hope about your financial future. Bankruptcy has been widely used across America as a viable tool for erasing debt and ending creditor harassment. In fact, there were 659,516 bankruptcy filings in the first half of last year alone.

You may feel uncertain about bankruptcy because of myths or existing prejudices that you have been taught. At LeavenLaw, we have learned that the main reason for hesitation in regards to bankruptcy arises from a lack of knowledge or understanding. We have personally seen the ways that bankruptcy can provide hope and relief for clients from all walks of life, and we are here to provide you with the information you need to make an educated decision. Don't hesitate to speak to a member of our experienced legal team about your ideas about bankruptcy, and please review the hard facts about bankruptcy listed below.

  1. Bankruptcy can effectively end creditor harassment. If you and your family have been repeatedly harassed by creditors or loan agents, you can put an end to all communication with creditors by filing for bankruptcy. Once you file, creditors cannot initiate or continue any lawsuits filed against you, or pursue any wage garnishments.
  2. Bankruptcy does not mean you have to give up your home or car. There are several types of bankruptcy available today that make it possible for consumers to have some choice regarding their assets. In a Chapter 13 bankruptcy, you will be able to keep your assets while you pay a small percentage of your debts, interest free, for a period of three to five years.
  3. Bankruptcy will not ruin your credit for the rest of your life. Once you have filed for bankruptcy, your credit score will undoubtedly take a dip. However, by practicing better spending habits and using credit cautiously and paying on time, you will slowly regain your standing in the credit world.

The caring team of attorneys at LeavenLaw is waiting to provide you with legal counsel regarding your financial situation. We have been helping the citizens of Florida since 1972, and our reputable firm has a wide range of experience with bankruptcy law. We strongly believe that you can find the relief you deserve and desperately need, so call today.

Contact a Florida bankruptcy lawyer at our firm today to speak to an expert about your legal situation.