Are you considering using a bankruptcy service? Bankruptcy is a Federal process that, through a group of laws, protects consumers and permits consumers’ unsecured debts to be forgiven or paid back in a managed way. Chapter 13 and Chapter 7 Personal Bankruptcy Laws recognize that bad circumstances can sometimes befall good people, despite their income, many times through no failing on their part (i.e. hospital emergencies or employment loss), and consumers oft times just do not have the means to satisfy a creditor's payment demands.
After a consumer files for bankruptcy using a bankruptcy service (attorney), an Automatic Stay is immediately put into action, which in accordance with Chapter 13 and Chapter 7 Personal Bankruptcy Laws forces any of your creditors to cease collection action. The Automatic Stay immediately compels your creditors to desist from phoning to harass you, halts collection letters from being mailed to you, and also halts any bank levies, current or pending, wage garnishments, lawsuits, and other types of harassment by creditors.
Chapter 13 and Chapter 7 Personal Bankruptcy Laws
Chapter 13 Bankruptcy and Chapter 7 Bankruptcy are the most popular ways for consumers to file for bankruptcy protection via a bankruptcy service; Chapter 7 bankruptcy is by far the most popular. It allows Americans to completely discharge their debts through a relatively quick chapter 7 bankruptcy process managed by the consumer’s personal bankruptcy service.
Chapter 13 bankruptcy is fundamentally a debt consolidation program. By the use of a personal bankruptcy attorney, a Chapter 13 bankruptcy will allow the consumer to retain their home and vehicles and to repay all or a portion of their creditors over a few years. After chapter 13 bankruptcy, the bankruptcy will be discharged.
Chapter 13 and Chapter 7 Personal Bankruptcy Laws require that the bankruptcy court deliver to the consumer a Discharge notice as soon as the bankruptcy has been effectively completed.
After a consumer files for bankruptcy using a bankruptcy service (attorney), an Automatic Stay is immediately put into action, which in accordance with Chapter 13 and Chapter 7 Personal Bankruptcy Laws forces any of your creditors to cease collection action. The Automatic Stay immediately compels your creditors to desist from phoning to harass you, halts collection letters from being mailed to you, and also halts any bank levies, current or pending, wage garnishments, lawsuits, and other types of harassment by creditors.
Chapter 13 and Chapter 7 Personal Bankruptcy Laws
Chapter 13 Bankruptcy and Chapter 7 Bankruptcy are the most popular ways for consumers to file for bankruptcy protection via a bankruptcy service; Chapter 7 bankruptcy is by far the most popular. It allows Americans to completely discharge their debts through a relatively quick chapter 7 bankruptcy process managed by the consumer’s personal bankruptcy service.
Chapter 13 bankruptcy is fundamentally a debt consolidation program. By the use of a personal bankruptcy attorney, a Chapter 13 bankruptcy will allow the consumer to retain their home and vehicles and to repay all or a portion of their creditors over a few years. After chapter 13 bankruptcy, the bankruptcy will be discharged.
Chapter 13 and Chapter 7 Personal Bankruptcy Laws require that the bankruptcy court deliver to the consumer a Discharge notice as soon as the bankruptcy has been effectively completed.
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