Three Major Benefits Of Filing For Bankruptcy

When people consider filing for bankruptcy, they inevitably weigh the pros and cons of the decision. Often the tangible benefits are countered by emotional factors such as embarrassment or shame.It’s important to keep in mind that while those feelings are common, they are unwarranted. Bankruptcy is a legal way to reduce or eliminate debt. There is no need to feel ashamed. The attorneys at Roderick Linton Belfance, LLP, in Akron and Medina are here to help, not judge. As seasoned bankruptcy lawyers, we can help you understand why bankruptcy may be the right choice for your circumstances.Below are three major benefits of filing for bankruptcy and taking back control.

Remove The Financial Distress So You Can Focus On Other Parts Of Your Life.

When you aren’t sure how you’re going to survive the month, it’s almost impossible to think of anything else. Your days are consumed with thoughts about which bills you can put off for another month or how much longer before they take your house. The emotional weight of such a burden is enormous. When so much of your energy is given to figuring out ways to make ends meet, there’s little time left for the things you care about like family, friends and hobbies. How can you do a good job at work when you are constantly distracted?

All of this can be eased when that burden is lifted through bankruptcy proceedings. You can live your life again. With an experienced lawyer by your side, you can avoid costly mistakes and get all of your bankruptcy questions answered.

The Collection Calls Will Stop

When the calls and letters from collection agencies are never ending, you begin to wonder if your life will ever go back to normal. It will once you begin bankruptcy proceedings. The automatic stay that is enacted once the proceedings begin forces them to stop taking action to collect the debt. What this means to you is that the calls will finally come to a stop.

Most Of Your Debt Will Be Relieved

One of the most important reasons for filing for bankruptcy in Ohio is the obvious relief of debt. Whether you file for Chapter 13 or Chapter 7, your debts will be reduced or discharged. The outcome of either option will be the same: You get the fresh start that you deserve.