Years ago, during our parents’ generations it was highly discouraged that anyone should ever pursue bankruptcy as a viable financial option. However many things have changed in the financial market since that time and there are many benefits which filing for bankruptcy can provide to individuals and families if done correctly to help alleviate the debts which are holding them back from a brighter future which fits in with the plans they had before they got into deep water financially. With the help of a bankruptcy lawyer in Fairfax VA then you too may be able to go about the bankruptcy process in a beneficial way.
A bankruptcy lawyer in Fairfax VA will be able to help you through the process of eliminating your debts without many of the negative side-effects which can come with the process if done incorrectly. There are many benefits that are available to you when you work with the right lawyer who will be able to guide you through the process. This can be complicated and knowing that you have the experience and legal expertise on your side will allow you to be confident that you can come out ahead at the end of the process.
One of the main benefits that will go into effect immediately when you begin working with a bankruptcy lawyer in Fairfax VA is an automatic stay. This will mean that your debt collectors will have to cease their efforts to collect on the outstanding balance immediately. You will no longer be receiving phone calls night and day from debt collects demanding that you pay back the debt that you owe. You will also be safe from the foreclosure of your home and the repossession of your major assets such as your car once the stay goes into effect.
A bankruptcy lawyer in Fairfax VA can help you consolidate your assets and achieve a financial fresh start. You will be able to begin building up your credit score again and in time, if done responsibly, you can achieve a good score which will allow you to have all of the financial opportunities that other do. By stopping the negative reporting being done regarding your credit score today you can begin rebuilding instead of damaging your score which will have positive effects in the future.
Andrews Law Firm provides clients with all of the information they need in order to navigate bankruptcy and the professional counsel to help them through the process.
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