8 Reasons to File for Bankruptcy - Part 25. End Wage GarnishmentsIf your wages have been garnished to satisfy an outstanding judgment, Chapter 7 bankruptcy may completely distinguish the wage garnishment. Without a wage garnishment, many clients are able to afford every-day needs. 6. Challenge Creditor ClaimsIf a creditor is claiming more is owed to them, bankruptcy protection gives a client the opportunity to consider their claims. Occasionally, creditors will claim more is owed to them than a client understands. Bankruptcy gives a client and their attorney an opportunity to evaluate and address these potentially fraudulent claims. 7. Stop Foreclosure on your HomeIf you are currently in default on your home, Chapter 13 Bankruptcy may help you stop foreclosure on your home. Further, Bankruptcy may help you restructure outstanding mortgages and possibly wipe away any mortgages that have become unsecured as a result in declining property values. 8. Give You a Chance to BreatheMost of all, Bankruptcy gives you a chance to take a fresh breathe and start anew. While Chapter 7 and Chapter 13 Bankruptcy does not usually completely wipe out all outstanding obligations, it will give you a chance to catch your financial breath. Most people lose control of their finances because of an event beyond their control. Bankruptcy gives you a chance to step back and oftentimes control those circumstances. Call us today at (877) 292-9759 to speak with an experienced attorney.
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