Murrieta Family Law Firm
Experience, Expertise, Excellence

Benefits of Bankruptcy

How Can Chapter 7 or 13 Bankruptcy Help You?

In the U.S., consumer bankruptcy tends to have a very negative stigma, even in these tough economic times. However, much of that stigma stems from people not fully understanding Chapter 7 or Chapter 13 bankruptcy or having an awareness of the true benefits of bankruptcy. If you are filing for bankruptcy or have plans to initiate the bankruptcy process in Murrieta, you should know that there are several benefits.

Some of these positive incentives include:

  • Being able to discharge your debts: When you file for Chapter 7 bankruptcy, your debts are discharged (eliminated) and you get to start over with a clean slate.
  • If your wages have been garnished by creditors, filing for bankruptcy will put an end to wage garnishment. This is important for people who want to regain financial freedom.
  • Ends collection attempts: Once you have filed for bankruptcy, your creditors will be informed that a bankruptcy petition has been filed in your name and will no longer be able to contact you to collect debt.
  • May prevent foreclosure: More and more people are choosing to file for consumer bankruptcy to stop foreclosure and keep their homes. Additionally, filing for bankruptcy may allow individuals to keep other assets and property, like cars and savings.
  • Gives you a fresh start: People who file for bankruptcy have a second chance to rebuild their credit and, essentially, rebuild their lives.

If you would like to learn more about the benefits of bankruptcy or to find out if filing for bankruptcy is right for you, contact a Murrieta bankruptcy lawyer from our firm today!

Testimonials

What Our Past Clients Are Saying
  • “I would recommend Singleton-Smith Law Firm and attorney Brandy for anyone who needs honest and cost effective representation”

    James E.
  • “Caring and understanding in probably one of the hardest seasons in my life”

    Keri M.
  • “Great customer service.”

    Susan C.
  • “While I am fortunate to not need service right now, I will certainly keep you in mind if I do”

    Dorene S.
  • “They are professional and well organized.”

    Ashley K.
  • “She has an outstanding reputation in the legal community which is well deserved and appreciated by her peers.”

    Former Client
  • “Outstanding service”

    Paul O. Azusa, CA
  • “You are honest and straight to the point.”

    Diana P.
  • “Very helpful”

    Former Client
  • “I would recommend Diane highly too all”

    Robert H.
  • “She is professional and considerate with a propensity to address not only the legal aspects of your case but the personal and emotional aspects as well.”

    Ken
  • “Diane took the time to listen to me.”

    Christopher G.
  • “I greatly appreciated their honesty and upfront nature.”

    Kimberli G.
  • “Singleton Smith Law Office is absolutely the best!”

    Nicole D.
  • “Responsive, prompt, and actually follows through”

    Former Client