Is a debt free new year possible?
Yes, it is entirely possible!
The start of a new year is a time when many people make resolutions about getting fitter, living better, getting organized, saving more money, and getting out of debt. While many new year resolutions do not come to fruition, with a solid plan you can get out of debt this year.
If you are drowning in debt you cannot reasonably pay back if you’ve fallen behind on paying your bills if you have been sued for unpaid debt, or your wages are being garnished, then it is time to consider how filing for bankruptcy can help you.
Filing for bankruptcy might be your best financial decision and the decision that will empower you to have a debt-free new year.
How Bankruptcy Can Give You A Debt Free Fresh Start
Bankruptcy is a powerful legal tool that has the power to eliminate credit card debt, medical debt, and many other types of debt. At the conclusion of a successful bankruptcy, you will no longer owe your dischargeable debts, which are the debts that are erased in bankruptcy. Debts that are erased in bankruptcy are gone forever and those creditors will never be legally allowed to attempt collection from you.
In addition to erasing debts, filing for bankruptcy affords many other protections. As soon as you file, your creditors must stop all collection activity against you. This is because of the Automatic Stay, which is a provision in the U.S. Bankruptcy Code that mandates creditors cease from any further collection action. Once you file for bankruptcy, collection phone calls will stop and it will put an end to wage garnishments, bank levies, or pending lawsuits for unpaid debts.
Also, most people get to keep all or most of their belongings through bankruptcy. Bankruptcy law provides for exemptions that allow for you to keep certain property valued up to a certain dollar amount. In Georgia there are exemption amounts that allow you to protect retirement accounts, personal belongings, and up to a certain amount of equity in a house and cars.
Depending on your situation, bankruptcy may be the best financial decision to give you the debt-free fresh start you deserve. However, filing for bankruptcy is not the right solution for everyone. Explore if you have meaningful alternatives to filing for bankruptcy here.
You Can Have A Debt Free New Year
Bankruptcy is a complex area of law, but don’t let that deter you. You can have a debt free new year! The truth is that bankruptcy may be one of the best decisions you could make for your financial future.
You can explore how bankruptcy can help you get out of debt with no risk. We offer free consultations to anyone in or near Savannah, GA who wants to learn more about the bankruptcy process and the benefits of filing.
The Law Office of Barbara B. Braziel is the premier bankruptcy law firm in Savannah, GA. We have over 35 years of bankruptcy experience and we practice exclusively in bankruptcy law. We invite you to get to know us here and read about the clients we’ve helped here.
From all of us at the Law Offices of Barbara B. Braziel, we wish you a happy and healthy new year.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code. Find out more about Bankruptcy in our guide: All About Bankruptcy.