What Creditors Do Not Want You To Know About Bankruptcy

Published on December 23, 2021

Popular replays related to debt After Death, Settle Credit Card, and What Does a Secured Debt Mean in Bankruptcy, What Creditors Do Not Want You To Know About Bankruptcy.

Creditors and debt settlement companies make money by keeping you in debt. That’s why the don’t want you to know that under federal law you have a right to eliminate most, if not all, of your debt.

Bankruptcy can eliminate your debt for a fraction of what you would otherwise pay to the creditors or debt settlement companies — and in way less time.

The credit industry does everything they can to restrict debtors from filing for bankruptcy. Creditors can be aggressive and often try to discourage and frighten people in order to collect on debts.

Bankruptcy is the most effective way to eliminate overwhelming debt.
Credit companies spend a lot of money and do a lot of work to promote anti-bankruptcy PR campaigns in order to make sure that the word “bankruptcy” remains clouded in false information. They do this because they don’t want you out of debt so they put a lot of effort into suggesting credit consolidation. Also because charging late fees and obtaining huge interest is big business and big money. Many of the debt consolidation companies are actually owned by the credit card companies!

While in the past bankruptcy laws were a little restrictive, it’s not the case nowadays. It’s true that recent laws have relatively more paperwork and steps for bankruptcy filings, but this burden will be mostly on your bankruptcy attorney and not you.

Creditors want you to think that if you file for bankruptcy, you will lose all your personal belongings, your car, and your house. However, the truth is that most of the petitioners keep all their properties.

Bankruptcy pauses repossessions and foreclosures, stops collections and garnishments, and prevents property repossessions via creditor judgments. As soon as you file for bankruptcy you are protected from your creditors.

You can rebuild your credit fast. Another secret most creditors don’t want to you to know about is that you will be able to work on repairing your credit score once your debt is discharged. In fact, many individuals get approved for a loan or a secured credit card within a year after filing bankruptcy.

Most people who file bankruptcy are good people who have experienced difficult times. Creditors want you to think that only deadbeats file for bankruptcy. It is not true as most of the petitioners get into financial trouble due to a job loss, unforeseen medical expenses or divorce.

Here are some common questions we hear about filing bankruptcy: 👇

Review some our recent case results👇

📲For more information about Chapter 13 and Chapter 7 bankruptcy:

What is Chapter 13 Bankruptcy

QUESTIONS ABOUT BANKRUPTCY? 👇👇Check out the links below 👇👇


Schedule Free Consultation with Atlanta Bankruptcy Attorney


Schedule Free Consultation with Atlanta Bankruptcy Attorney


Guide to Evictions in Georgia


Guide to Foreclosure in Georgia


Saedi Law Group are experienced Atlanta #bankruptcy #lawyers who have been helping Georgians file for bankruptcy for over 20 years.

➡️We have filed thousands of bankruptcy cases here in Georgia and are in court every day fighting for our client’s rights against creditors.

If you are currently struggling with overwhelming debt, or feel your financial situation will be severely stressed in the coming weeks, now is the best time to start looking at all options available to you.

Saedi Law Group offers a free, no obligation consultation with an experienced attorney (not a paralegal) who will review your specific situation and advise you about your options for moving forward.

Our team is passionate about our work and we take it very seriously. It is a privilege to help clients and their families in times like these.

Bankruptcy was created for this purpose.

➡️➡️Please contact us today at (404) 919-7296 or info@saedilawgroup.com to learn about what you can do to protect your future.

#bankruptcy #lawyer #attorney #Georgia #Atlanta #chapter13 #chapter7

What Does a Secured Debt Mean in Bankruptcy

What Does a Secured Debt Mean in Bankruptcy, What Creditors Do Not Want You To Know About Bankruptcy.

How To Leave Financial Obligation Without Submitting For Bankruptcy

On the other hand there are substantial benefits to being Debt Free. Instead, find out to utilize your credit card appropriately. Lots of people trying to find debt combination have high credit card balances.

What Creditors Do Not Want You To Know About Bankruptcy, Explore interesting full videos relevant with What Does a Secured Debt Mean in Bankruptcy.

A Bankruptcy Attorney Helps People Leave Debt

This conversation shares with you 7 clear ideas on how to be debt-free. Choosing the very best plan of action can likewise be very complicated. This might relate a great deal of money out of your pocket.

Since you do not desire to use the abilities required to make it possible, financial obligation freedom is just hard. There are only a handful of individuals who can do this effortlessly. These are individuals who have the best qualities that naturally make them more mindful of their finances.

Because your objective is to arrange out your financial obligation problem, a low rate is really essential for you. Being in debt suggests paying high interest in every installment along with the capital. A Secured Debt consolidation loan will give you freedom form paying high interest. At the exact same time it will make your month-to-month repayment smaller. So you can save good amount on every installation.

I understand you may be believing, “What does he mean by ‘advantage’, my financial obligation is eliminating me”. Well the word excellent is most likely not the best word but let me describe. , if all your debt were secured (by collateral) your financial institutions could quickly recuperate the quantities owed by claiming these products of security..

Sounds like a dream, but very few of us retire Debt Free. I understand a lot of seniors in their late 60s and early 70s who have retired, but continue to work because they are not Debt Free for one reason or another. Usually easy credit and credit cards are the issue. But the dream deserves pursuing. Particularly if you desire and retire to delight in things aside from simply the ability to go to work.

Never ever incur any card debt that is beyond your capability to pay back in a single month. That is to state, keep away from Revolving Debt. The card business earn optimum out of the revolving financial obligation only.

When listing your financial obligations on your worksheet, make a note of the limit of each charge card or other type of financial obligation and add these quantities as much as get your overall possible financial obligation. You can find info about your limits on your statements. This will reveal you the total possible quantity of debt you could have. Are you at the top of your limitations? Or could you go further much deeper into debt? In any case now you understand how bad it can get.

Concentrate on conserving for worthwhile causes. This is the last in the list of 7 clear suggestions on how to be debt-free. Purchasing your own house (or a dream house) in the future or getting ready for your kids’s university education is top priority that will help you to focus and get rid of unnecessary expenses. Financial goals are a way of eliminating temptations to buy and own less crucial goods and services. Make these goals reasonable to help make you feel a sense of achievement.

In truth, filing for help is on a regular basis the best choice you can make. Spending just cash that you have and not utilizing charge card and buying only products needed not wanted.

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