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3 Critical Facts About Bankruptcy

Many People Wait Too Long
Most people who have filed for bankruptcy wish they would have done it sooner.  By waiting, they often make extra payments on debts that would typically be eliminated under their bankruptcy filing.  In the end, this waiting can even further degrade their credit record.

Stop the Phone Calls
Harassing collection calls and letters can be stopped.  Those calls can be referred directly to our office.

Bankruptcy Laws May Be Changing Soon
There are strong indications that upcoming Bankruptcy Legislation will make it more difficult to discharge your debt.  This proposed legislation is being driven by lobbyists on behalf of major Creditors.  Early indications are that these new laws may include a financial means test ñ possibly resulting in an effort to push many Chapter 7 filers into a modified Chapter 13 repayment plan.  Of course, we wonít know if any changes will happen until the next legislative session, but many bankruptcy attorneys are concerned about it.  Many people are filing now in order to avoid any these types of changes in the law.

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