The Benefits of Filing for Bankruptcy
There are numerous facets of filing for bankruptcy to consider before deciding whether it is right for you. The law firm of Lynch & Belch P.C. in Indianapolis strongly believes in the benefits of bankruptcy and knows that there are a great number of advantages to be gained. First, it is important to keep in mind that bankruptcy law was created with the well-being of the individual who is filing. We believe that this course of action can be highly beneficial to people in need, and we will walk you through every step so you know exactly what the process will entail.
No matter what type of bankruptcy you declare, an automatic stay will be placed on all debt collection activities related to your account. This entails all foreclosure proceedings, debt collection phone calls, wage garnishments and lawsuits. This provides you with some breathing room to get all your financial affairs in order. A common myth is that declaring bankruptcy will involve losing all your property. Fortunately, laws are in place to allow you to hang on to a good amount of your assets, so you will not lose everything in the proceedings. Another great advantage is the discharge of certain debts. Although numerous factors go into determining which debts can and cannot be discharged, you should be able to get some relief from unsecured loans, credit card debt and medical bills.
Get the Assistance You Need in Indianapolis, Terre Haute & Greenwood
We can provide you with all the information you need to make an informed decision during this difficult time. This can include giving you advice on what type of bankruptcy you should file for and providing you with vital information regarding the Fair Debt Collection Practices Act. You can get started by giving us a call at 317-888-0006. Anyone living in Indianapolis, Terre Haute and Greenwood can benefit from our services, so do not hesitate to call.