May 25, 2024

Existinglaw

Law for politics

Is It Helpful To File Bankruptcy?

There are a lot of people who simply worry about the possible negative outcomes of a bankruptcy declaration, such as inability to obtain credit or loss of assets. But according to an experienced bankruptcy attorney in Orange County, when you are going through financial crisis and you have exhausted all your other options, bankruptcy may be your only source of relief from mounting debt and creditors’ threats.

Fortunately, there are a lot of things that you hear about filing bankruptcy are simply not true. The advantages of finding debt relief through bankruptcy almost always far outweigh the risks. If you live in Orange County, San Bernardino, or Riverside and need legal assistant that is focused on helping you achieve your goals of financial freedom, simply feel free to get in touch with an experienced bankruptcy lawyer at The Law Offices of Sood and Sood.

  • Protection you need

The certified professionals understand that you have priorities, goals, and needs. You would like to protect your home. You need your vehicle to drive to work and fear repossession. Sunita Sood can help you evaluate your assets and debt and stop wage garnishment and foreclosure proceedings through an automatic stay, a process that results from your declaration of Chapter 7 or Chapter 13 bankruptcy. We are happy to determine which type of bankruptcy you are eligible for, and which one can protect you, your home and your family the most effectively.

  • Improved credit

According to one of the top-rated Riverside bankruptcy lawyers, perhaps you have been fooled by the illusion of good credit simply for the reason that you own a credit card or can obtain a car loan because of your debt-to-income ratio. You most likely also have heard that after declaring bankruptcy, your credit score is shot. This is simply not the case. On the contrary, filing bankruptcy provides you the opportunity to begin to build credit.

You can only improve your credit score over time. For instance, Chapter 7 guarantees prompt qualification for a credit card, providing you pay your mortgage or rent on a regular basis. On the other hand, Chapter 13 bankruptcy helps you keep your home, and reorganize your debts so that is paid off in 3 – 5 years, during which you can qualify for smaller loans. Let Sunita Sood work with you on a plan that discharges debt and help you keep your most important assets.

  • An end to your harassment

One of the most debilitating aspects of incurring a high amount of debt is harassment. Sunita Sood understands the emotional toll this takes on you over time, leaving you unable to make any changes for the better. When you declare bankruptcy, harassing letters and calls for creditors stop. Let the experts at The Law Offices of Sood and Sood provide you with the means of stopping such threats.

For more information on the benefits of declaring bankruptcy, feel free to contact Sunita Sood, a reputed and experienced business bankruptcy attorney in San Bernardino.