A fundamental goal of the federal Bankruptcy Laws is to give debtors a financial “fresh start” from burdensome debts. In Local Loan, the U.S. Supreme Court stated the purpose of Bankruptcy Laws: “[I]t gives to the honest but unfortunate debtor … a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.” Local Loan Co. v. Hunt, 292 U.S. 234, 244 (1934).
The Court also stated:
“One of the primary purposes of the Bankruptcy Act is to ‘relieve the honest debtor from the weight of oppressive indebtedness, and permit him to start afresh free from the obligations and responsibilities consequent upon business misfortunes.'” Id. citing Williams v. U.S. Fidelity & Guaranty Co., 236 U.S. 549 (1915).
The goal of obtaining a financial fresh start is accomplished through the Bankruptcy Discharge Order. This is a Court Order that releases debtors from personal liability on their dischargeable debts. After discharge, debtors are no longer legally obligated to pay back those debts. It further precludes creditors from ever taking collection action against the debtor in an effort to collect on the debt.
Obtaining A Financial “Fresh Start” From Burdensome Debts
Bankruptcy is your legal right and a tool to end your financial struggle. Bankruptcy has the power to:
- Erase credit card debt.
- Erase medical debt.
- Erase most unsecured debt.
- Stop harassing phone calls from creditors.
- Stop wage garnishment.
- Stop bank freezes and levies.
- Stop lawsuits filed by creditors and other plaintiffs.
- Puts an end to all collection action.
- Allows you to keep most or all of your belongings, including your home and car (depending on your specific situation).
Our goal is to help you get the fresh financial start you deserve.
Barbara started this law firm 35-years ago because of her own financial crisis. At the time, she was raising three children as a single mom. Barbara knows what financial struggle is. All of us here at the Law Office of Barbara B. Braziel want to help you get out from under the weight of financial stress and gain financial freedom.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.