If you have financial problems, you shouldn’t be reluctant to take advantage of the benefits of filing a bankruptcy case. What are the benefits of bankruptcy? It will provide a fresh financial start while relieving a taxing amount of stress and anxiety, allowing a person to return to life as it once was.

Bankruptcy stops lawsuits, repossession, garnishment, and foreclosure. Bankruptcy stops any and all contact by creditors. Perhaps even more importantly over the long-term, bankruptcy helps rebuild credit while allowing the “fresh start” mentioned above.

Federal law allows Americans to file bankruptcy cases with the main purpose to help them get a fresh start. Debtors may start over without the daily harassment of collectors seeking payment for debts. A Chapter 7 bankruptcy case wipes out debts and obligations in an orderly manner without any need for debtors to repay any of it on a monthly plan.

After filing bankruptcy, many people recover good credit in a relatively short period of time, usually two to three years. Offers of new credit typically ensue immediately after a debtor receives a discharge just a few months after filing his or her petition. Thus, it is a myth that bankruptcy debtors will have bad credit for 7 to 10 years.

Anyone may reduce the stress of the difficulties in repaying debts. Contact the experienced Sacramento metropolitan area/Northern California attorneys at the Montefalcon Law Office. Contact us online or schedule a bankruptcy consultation at any of our three conveniently located offices. Telephone our downtown Sacramento office at (916) 444-0440, our South Sacramento office at (916) 399-9944, or our Concord office at (925) 222-5929.