After filing for Chapter 7 bankruptcy and receiving a discharge, your life will not be the same. However, that shouldn’t scare you away from moving forward and getting the debt relief you desperately need.
Make the decision to declare bankruptcy, and you’ll be setting the stage for a happier future. Many of your debts will disappear – and so will much of your stress. Here’s why.
No More Calls from Bill Collectors
Have you come to hate the sound of your phone ringing? If creditors are constantly calling, the answer is likely yes. Bill collectors can be extremely pushy, and they don’t care about your stress or your financial situation.
Once you file a Chapter 7 bankruptcy claim, the harassment will immediately stop. You won’t be subject to demands for money you don’t have, so the freedom from creditor calls can be a huge relief.
Make Your Own Money Decisions
Are you currently forking most or all of your available cash over to your creditors? If you can’t make any choices about what to do with your paycheck, you’re probably pretty frustrated – and filing for bankruptcy can put you back in control of your finances.
Erasing many of your debts will free up your paycheck, providing you with more cash to use as you please. But, by going through the bankruptcy process, you’ll learn how to create smart financial habits. As a result, you’ll be better able to manage your money.
See Your Credit Score Improve
Worried that filing for bankruptcy will cause your credit score to plunge? Contrary to popular belief, a Chapter 7 discharge won’t ruin your rating – and in all likelihood, your score is already suffering if you have heaps of unpaid bills.
After you declare bankruptcy and much of your debt is wiped away, your credit rating should start rising. And if you’re like most filers, you can look forward to seeing a score that’s higher than the score you previously had in as little as a year.
Do You Need a Fresh Financial Start?
If you’re overwhelmed with debt, Chapter 7 bankruptcy may be a smart solution – and as you can see, receiving a discharge can make your life better. That said, filing a bankruptcy claim isn’t the right choice for everyone.
For expert advice on all of your debt relief options, reach out to a trusted local bankruptcy lawyer – like the Law Office of Davis & Jones, P.C., based in Salt Lake City, Utah. Our legal team has been helping people get a handle on their debts since 1995, and we’d be happy to put you on the path toward a brighter financial future.
To find out if filing for Chapter 7 bankruptcy is your best approach to debt relief, contact our office and schedule a free consultation today.