Personal Injury & Bankruptcy Lawyer in Archbald, PA

Stop Debt Collectors From Calling

Being in debt can feel even more stressful when you’re constantly getting calls from debt collectors. When you aren’t able to pay off your debt, getting frequent calls from debt collectors only makes the situation worse to go through. Filing for bankruptcy can prevent debt collectors from calling you as you pay off your debt. It also prevents debt collectors from actions such as repossessing your property or garnishing wages.

You Might Be Able to Keep Your Possessions

Many people fear that when they file for bankruptcy, they’ll have to give up all their possessions and property. While some people who file for Chapter 7 bankruptcy may have to give up some of their possessions to cover the cost of their debt, this isn’t always the case. Many people file for bankruptcy and successfully discharge their debts without giving up any of their possessions.

You Can Work On Improving Your Credit

Bankruptcy will show up on your credit report for ten years if you’re filing for Chapter 7 and for seven years when you file for Chapter 13. The thought of future lenders seeing that you’ve filed for bankruptcy can make you wary of going through with it. While this can impact you, it’s not always as bad as what debt you can’t get rid of can do to you. After filing for bankruptcy, many people work in rebuilding their credit, which can put you in a much better place than you’d be in if you didn’t file for bankruptcy.