Murrieta Family Law Firm Temecula Divorce Attorney
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
  • “Outstanding service”

    Paul O. Azusa, CA
  • “Responsive, prompt, and actually follows through”

    Former Client
  • “Thank You So Much For Your Help!”

    Richard T. Menifee
  • “Best legal team in all of the IE!!”

    Emmily B.
  • “Extremely honest, informative and detailed with all the prep involved.”

    Lisa C.
  • “They are extremely honest and very diligent.”

    Ian H.
  • “I greatly appreciated their honesty and upfront nature.”

    Kimberli G.
  • “A Rare find, an attorney with integrity and high moral standards”

    Former Client
  • “Diane took the time to listen to me.”

    Christopher G.
  • “They helped me and my husband through so much and gave it their all”

    Nicole L.
  • “You don't find attorney's like her now a days.”

    Former Client
  • “I will and have recommended Singleton Smith Law Offices to everyone we know”

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

    Keri M.
  • “So honest and upfront and I really appreciate that type of communication.”

    Richard T.
  • “Very helpful”

    Former Client