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Personal Bankruptcy
The decision to file for bankruptcy is often one of the hardest choices that a person has to make in their lifetime. Poor planning can often make the process even harder. It goes without saying that filing for bankruptcy should be a last resort when all other methods of satisfying one's financial obligations have been exhausted. However, if your situation has become so severe that you are in danger of foreclosure, garnished wages, repossessions, or facing debts that you are in no position to pay, putting off the inevitable can have devastating consequences. Procrastination can cost you your car, wages, and home. Filing your case in a timely fashion can spare you these losses.
- If you are close to foreclosure on your home, declaring bankruptcy may stop this going forward and even create a payment structure that will help you pay off your arrears.
- Bankruptcy may cause your car or other property to be returned to you if they have been repossessed by a creditor.
- Large medical bills combined with a loss of employment, or on their own can create a nearly impossible financial hole to climb out of. Bankruptcy can help you in this situation and possibly reduce or wipe away your medical bills.
- Bankruptcy can stop harassing creditors from turning up on your doorstep, especially if they are being unfair, pushy, unreasonable, or fraudulently trying to take more than you owe.
- If your utilities have been shut off, bankruptcy will help restore them so you do not have to live in darkness.
- Although your student loans will not disappear, bankruptcy may help you to consolidate those debts and pay them off in a reasonable time frame.
- Bankruptcy will end wage garnishment, which means you will be able to afford life’s necessities.
You may have more than one of these issues overlapping in your life and bankruptcy may be the best and most logical way to start your financial life over. Please contact the Law Office of Daniel A. Bonneville for a free initial consultation. |
The Law Office of Daniel A. Bonneville assists clients with Bankruptcy, Intellectual Property, Patent, Trademark, Servicemark, Design Patent, Plant Patent, Utility Patent, Copyright infringement matters in Reno, Nevada as well as Sparks and Sun Valley in Washoe County.
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