Chapter 7 bankruptcy is used by thousands of people across the U.S. every single year. It is one of several types of personal bankruptcy filings that an individual can use to help them get out of debt when other options have not provided them with relief. If you are amongst these people, you should first learn as much about Chapter 7 as possible before you take the plunge.
Why do people realize relief from the burden of serious debt with the help of a chapter 7 rockland ma filing? Because it works well! Some of the most common reasons people file Chapter 7 include:
· Stop Creditor Calls: Once you file Chapter 7, those annoying and sometimes frightening creditor calls and letters cease. It is illegal for creditors to call after you file because you are protected. Without these calls and letters, you regain some of the peace of mind these calls cause you to lose.
· Fresh Start: Chapter 7 wipes out all of the debt that you’ve incurred (with the exception of government-related debts) and gives you a fresh start. Many people fail to realize the importance of their credit until it is too late. By taking advantage of this type of bankruptcy filing there is a second chance.
· Stop Repossessions: Chapter 7 is used by many individuals who wish to stop a home foreclosure or vehicle repossession.
· Peace of Mind: Chapter 7 provides relief and peace of mind at a time when that doesn’t happen easily. It is not easy to sleep well when you are drowning in debt. Rather than continue life stressed to the max, why not talk to an attorney to learn how you can get help from Chapter 7?
Chapter 7 could be right for your financial needs, too.