Benefits of Bankruptcy
You Deserve a Second Chance
These days many people are facing financial hardship. Salaries are staying the same, or even decreasing in some instances. Unemployment is rising. A number of mortgage payments are significantly increasing. As a result of these and other factors, more and more people are drowning in debt. Fortunately, individuals in financial distress have options.
While the decision to file bankruptcy should not be taken lightly, it is sometimes the best debt relief solution. At the law office of Maureen O’Malley, in Reston, Virginia, I help individuals and families get out from under crippling debt and make a fresh financial start by filing Chapter 7 bankruptcy. Since 1982, I have been giving people the tools to make sound decisions about their future financial lives.
Benefits of Bankruptcy
Many people instinctively dismiss bankruptcy as a debt reduction option. They are often ashamed and embarrassed about their situation and would rather drain their retirement and bank accounts trying to pay off their debt. What they do not realize is that bankruptcy is sometimes the best debt relief solution. Bankruptcy can:
- Eliminate most of your unsecured debt
- Stop creditor harassment and phone calls
- Allow you to retain most, if not all, of your property
- Generally lets you keep your security clearance
- Stop repossession
- Stop foreclosure proceedings
- Stop most wage garnishments
- Allow you to rebuild your credit
After you decide to file for bankruptcy, the hard part is over. I can actually see my clients’ shoulders relax as they breathe easier after the filing is complete. Bankruptcy truly allows a person to make a fresh start and begin to rebuild your credit score.
The Sooner You File, the Better
When you think you might be in financial trouble, call a lawyer. Even if you think you’re not ready to file, you can gain valuable information to protect your assets. The sooner you take action, the sooner you can develop a plan and protect your assets. There is no need to drain your retirement and bank accounts to pay bills that can be discharged. As your attorney, I will be able to explain your options and guide you through the process.
Give Yourself a Fresh Start
If you are facing unmanageable debt, it’s time to stop beating yourself up. Take positive action to help solve the problem. Contact me online or call me locally at 703-483-9639 or toll free at 888-353-2098. My office is conveniently located off Sunrise Valley, between Wiehle and Reston Parkway.
I am required to disclose that I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.