There are times when debt is so overwhelming that dealing with creditors and negotiating settlements with debt collection agencies simply can’t take care of the problem. When that’s the case, bankruptcy filing may be an option to consider, since a bankruptcy discharge could potentially wipe out your debt.
Although filing for bankruptcy is a major step, it doesn’t have to be stigmatizing. The truth is, the U.S. Bankruptcy Code has been in place for well over 100 years, and is designed to help Americans gain a fresh start. In 1934, the Supreme Court wrote about the purpose of the bankruptcy law: “It gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.”
There are two types of bankruptcy that apply to consumers, and one common way that debt collectors violate the law. What would you like to learn about?
Chapter 7 Bankruptcy – Chapter 7 bankruptcy liquidates all of your non-exempt assets, discharges your non-exempt debts, and gives you a fresh start.
Chapter 13 Bankruptcy – Chapter 13 is designed to give you the breathing room you need to reorganize your debt and pay it off over time.
Bankruptcy Stay Violations – Once you’ve filed for bankruptcy, debt collection efforts must stop. If a debt collection agency calls, writes, or takes legal action against you, it may constitute a stay violation. Learn more about your rights in fighting stay violations.
Lemberg & Associates’ team
of consumer attorneys is highly
skilled and ready to help you
with debt collector abuse.
If you have been the victim of harassment or illegal or unfair debt collection practices, Lemberg & Associates will discuss your options with you and protect your rights. For more information, contact Lemberg & Associates today at .
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"The FDCPA is a consumer protection statute and was intended to permit, even encourage, attorneys like Lemberg to act as private attorney generals to pursue FDCPA claims."