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Written By: Brandy Miller | February 15, 2018 | No Comments

People Focus on the Negative Aspects of Bankruptcy

Berks County Bankruptcy Attorney Larry Miller, Jr.

I can explain how Bankruptcy can help you in your particular circumstances.

When people hear the word Bankruptcy they most often only think about the negatives including how Bankruptcy will

  • harm your Credit for ten years;
  • make getting new financing impossible or only high-interest loans; and
  • selling off assets.

It’s all true. Bankruptcy is not something you should take lightly. But you have to take stock of where you’re at right now before filing for Bankruptcy.

What’s Your Current Financial Situation?

Do you have too much debt?

Are you

  • Making minimum payments, less than the minimum payments, or missing payments altogether?
  • Incurring additional debt to make payments on existing loans?
  • At risk of losing significant assets like your home or car?
  • Worried about having your utilities turned off?

News Flash!You’re already

  • harming your credit and it’s getting worse every month;
  • finding it difficult or impossible to obtain additional financing at a reasonable interest rate; 
  • possibly having to sell off assets to make payments; and
  • lastly, jeopardizing your future by dipping into your retirement fund.

But here’s the clincher. Nothing is getting any better. You’re on a downward spiral. Bankruptcy may be just what you need to get back on track financially.

Benefits of Bankruptcy

Bankruptcy Can

  • Protect Your Most Important Assets – i.e. your home, car, retirement accounts, and personal belongings.
  • Make It Easier to Repay Your Debts – because Bankruptcy can eliminate some of your debt and set up an affordable payment plan for eliminating remaining debt.
  • Give You a Fresh Financial Start and Rebuild Your Credit – Your credit rating improves over time. Bankruptcy immediately eliminates some debt and payments further reduce debt. Strictly adhering to your repayment schedule making all payments on time and never missing a payment shows financial responsibility.

Bankruptcy Benefits Depend Upon Filing Correctly

Our expert Bankruptcy Lawyers will intelligently explain how Bankruptcy can help you because we

Find out more about Bankruptcy. Or Contact Us Online or Call Us at 610-670-9000 today.

Miller Law Group Berks County Law Offices in West Lawn, PA

Miller Law Group’s Berks County Law Offices are in West Lawn, PA near Reading.

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