What Are The Benefits of Bankruptcy?

New Hampshire Bankruptcy Attorney

If you are considering filing for bankruptcy because you're no longer able to keep up with your monthly obligations, or because you're being hounded by creditors, I can answer all of your questions, explain the advantages of filing for bankruptcy and I can help navigate you through the process.

With nearly 25+ years in the field of bankruptcy law, I have the knowledge and experience necessary to guide you in the right direction towards real debt relief. Contact my bankruptcy firm in Manchester to discuss the best options for you.

Top 5 Reasons to File For Bankruptcy

Unfortunately, a lot of debtors continue struggling with their debt when bankruptcy could offer them the fresh start they do desperately need. While bankruptcy is reported on your credit for 10 years, there are many benefits that outweigh the disadvantages and I would be happy to explain these positives to you.

• Benefit #1 - Once you file for bankruptcy, the "automatic stay" goes into effect. This is an injunction from the bankruptcy court prohibiting debt collectors from contacting you, commencing or continuing any collection activity. The automatic stay remains in effect until the bankruptcy is discharged. This means that creditors must stop calling you or sending collection letters in the mail.
• Benefit #2 - The automatic stay has far-reaching effects because it also stops wage garnishments, foreclosure actions and any type of lawsuits filed by a creditor in an attempt to collect a debt.
• Benefit #3 - In a Chapter 7 and Chapter 13, the debtor is discharged of their unsecured debts. This includes credit card debt, personal loans, and medical debt, all of which can be in the tens of thousands if not more.
• Benefit #4 - Chapter 13 is the bankruptcy of choice for debtors who want to save their home from foreclosure because it allows them to keep a valuable asset such as their home.
• Benefit #5 - Debtors can begin rebuilding their credit score almost immediately. Credit restoration is essential and I show my clients exactly what steps to follow in order to get a 720 fico score within 12 to 24 months of the bankruptcy discharge.

Contact Bryan W. Clickner, Attorney at Law, PLLC today!

If you are struggling with crushing debt, it may be high time to consider your bankruptcy options. Considering that bankruptcy may allow you to wipe out thousands in debt and start anew with a clean slate, bankruptcy may truly be the most logical option you have available. As a seasoned New Hampshire bankruptcy attorney and founder of Bryan W. Clickner, Attorney at Law, PLLC, I welcome the opportunity to help you get the financial fresh start you need and deserve!