Benefits of Bankruptcy
Experienced Bankruptcy Lawyer in Oakland
Many people believe bankruptcy has a negative connotation and shy away
from filing; however, there are many benefits that bankruptcy could provide
to you. At Kostopoulos Law Group - The Bankruptcy Firm, we understand
that your situation may be stressful and financial hardships may be weighing
you down, but we can assist you. If you are in need of a trusted lawyer
who can provide you with representation and information about the various
benefits that filing can have for your personal situation, do not hesitate
to contact an Oakland bankruptcy lawyer from our team.
The biggest draw for most people to file for bankruptcy is the fact that
it will assist with eliminating non-secured debts, but there are many
other advantages as well, including these five benefits:
From the moment you file for bankruptcy, an automatic stay will be placed
onto your account. This means that all collection attempts will be forced
to cease and that creditors will have to stop trying to call or get in
contact with you. Automatic stays are court orders, and any creditor that
attempts to contact you after the filing of your petition can be directed
to your attorney.
Are you facing
foreclosure? We can save your home! If you are late on mortgage or loan payments and
are aware that you may soon be in the midst of the foreclosure process,
filing for bankruptcy can greatly benefit you. When you file, all foreclosure
attempts will be forced to cease, allowing you time to restructure your
payments or negotiate with creditors to protect your home.
Repossession of Your Car
In addition to protecting your home, bankruptcy can also save other property from
repossession. One of the biggest worries regarding bankruptcy is that cars and other
items purchased on credit will be repossessed; however, filing for bankruptcy
could stop the repossession process and help regain property and items
that have been recently repossessed. To learn more about qualifying for
this benefit, it is important that you speak with an attorney.
Reversal of Bank Levies
If you have been late on payments toward your debts, you may have had a
bank levy placed against your accounts. These levies can be frustrating,
and access to money that was yours can be cut off. Filing a bankruptcy
petition will reverse bank levies and allow you to have access to your
finances once again.
Cease of Wage Garnishments
In the event that your wages are being directly garnished from your paychecks
to repay debts, you may want to look into filing for bankruptcy. When
you file, all wage garnishments will stop and you will be able to retain
your full pay. Of course, each person's situation is unique. An attorney
from our firm can offer more information about your particular case.
Searching for a lawyer to file bankruptcy in Oakland?
Are you ready to move forward with your case? If so, now is the time to
contact Kostopoulos Law Group - The Bankruptcy Firm. Our team is proud
to offer quality representation, experience, and dedicated legal counsel
to individuals facing a variety of financial concerns. With the guidance
of our firm, you could begin the road to recovery and protect your home,
assets, and future.
Contact an Oakland bankruptcy lawyer from our team today to
tell us more about your story and to learn how we can help - 510-270-2782!