Like most people, you would think that it is crazy to spend more money in the current economy, especially if you are heavy in debt. Many people prefer to avoid creditors and their debt versus paying fees for a Chapter 7 bankruptcy. Unfortunately, what they do not realize is that some companies are very aggressive in collecting on past due debts through strong-arm collection tactics including liens on your paycheck and repossession of your vehicle. A Chapter 7 bankruptcy may give you the option to keep your vehicle and avoid or remove liens on your paycheck.
When you file for bankruptcy, all collection efforts from creditors on your salary or other assets and other debts will stop. What this means is that no creditor can makes calls or take any type of action to collect on any past due bills. It is probably the most cost effective way to get a fresh start. For more information, an experienced bankruptcy attorney can discuss your specific case to answer any questions that you may have.
If you are feeling the stress of too many bills and not enough money to pay your bills, then bankruptcy may be an option for you. For a free bankruptcy consultation contact Fears | Nachawati, toll free at (866) 705-7584 or by e-mail at email@example.com.