Legal Protection From Overwhelming Debt
Bankruptcy is legal protection from debt that can be obtained by consumers and businesses through a specific legal process that is initiated in federal court. Bankruptcy can wipe out, discharge, reduce or reorganize what a person or company owes to different entities such as credit card companies, banks, medical providers, finance and loan companies, utilities and many other kinds of creditors.
Bankruptcy is defined by federal and state laws and protected by the Constitution — and it must be legally honored by creditors. When you include a debt in a bankruptcy filing, the creditor on that debt is ordered to stop their collection efforts against you — this means that the phone calls and threatening letters must stop.
At The Collins Law Group, we have helped many people get out of debt and improve their futures through bankruptcy. If bankruptcy is right for you, we can help you get big relief from the pressure of debt and move on to better things.
Frequently Asked Questions
Bankruptcy is not right for everyone, and it cannot wipe out certain debts (tax debt, student loans and child support arrears, for example), but it can be an extremely powerful tool when used properly. The following questions are asked very frequently, and we can answer them all for you clearly:
- What happens to credit card debt after I file bankruptcy?
- Can bankruptcy help me keep my house or my car?
- What happens to my credit if I file bankruptcy?
- Will bankruptcy affect my retirement account or my tax refund?
- Can I file for bankruptcy while getting a divorce?
- Can anything be done about my IRS debt or federal student loans?
- What's the difference between Chapter 7 and Chapter 13?
Contact a Sarasota Bankruptcy Attorney | Bradenton Debt Relief Attorney
Many well-known individuals and corporations have utilized bankruptcy protection to deal with financial difficulties. If you are curious about whether consumer bankruptcy can improve your life, contact us. Our Florida lawyers can help you understand your options for debt relief and then help you take action.
