A is for Advantages of Filing Bankruptcy

1. Bankruptcy ends harassing creditor phone calls
2. Bankruptcy stops repossessions
3. Bankruptcy stops foreclosures
4. Bankruptcy stops wage garnishments
5. Bankruptcy stops utility shut-offs
6. Bankruptcy provides debt relief
7. Chapter 13 Bankruptcy allows you to “cram down” how much you pay back on your car.
8. Chapter 13 Bankruptcy allows you to reorganize your car payment into a more affordable one.
9. Chapter 13 Bankruptcy allows you to lower a high interest rate on a vehicle loan
10. Chapter 7 Bankruptcy allows for redemption of your car where you pay what it’s actually worth
11. Chapter 7 Bankruptcy may discharge old taxes
12. Chapter 13 Bankruptcy helps pay back tax debt
13. Chapter 13 Bankruptcy helps catch up a mortgage payment that is behind
14. Chapter 13 Bankruptcy helps catch up past child support
15. Chapter 13 Bankruptcy can remove an unsecured second mortgage from your home
16. Bankruptcy will remove judgment liens from your home (by motion in Ohio)
17. Chapter 13 Bankruptcy helps protect unexempt assets
18. You can walk away from a home that is underwater
19. You can sleep at night
20. Improved relationships because your stress is reduced
21. You have someone fighting for you instead of against you
22. Bankruptcy is an efficient, cost effective way to deal with debt once and for all
23. It gives you room to breath
24. You can get off the treadmill and start making progress to secure your financial future
25. Bankruptcy provides a fresh start