Why should you file bankruptcy?

What will filing bankruptcy do for you?

There are many responses to these questions, but generally speaking, one of the biggest benefits of a bankruptcy filing is that it gets you out from under the thumb of your creditors. When you are in debt, whether you realize it or not, your decisions are largely driven by your creditors.

It is very common for creditors to file lawsuits, make numerous phone calls, threaten garnishment and take any number of other actions to put pressure on you to make a payment. They do this in order to compel you to send them money and to do it right now! If you have ever paid a credit card bill rather than a light bill, or if you have ever paid the interest on a loan rather than putting gas in your car, then you know all about this pressure and the tremendous stress that it can cause. This is not a new concept. The Bible states that, “...the borrower is servant to the lender.” Proverbs 22:7. That is the truth, succinctly stated.

When you are in debt, you are beholden to your creditors or you will face the consequences in the form of lawsuits, garnishments, foreclosures and harassing phone calls. By filing bankruptcy, you are taking steps to regain control of your finances and your life.

Of course, there are other more tangible benefits to filing a bankruptcy case. In most instances, a bankruptcy filing can stop garnishments, stop foreclosures and sheriff’s sales, force the release of bank account levies and seizures, and stop harassing phone calls. It gives you relief and sets you on the track to receive a fresh financial start.

Bankruptcy is a legal remedy that allows you to eliminate or reorganize your debt, and to become a functioning member of the economy again. Despite what the banking and collection industry would have you believe, bankruptcy is not the end of the world. There are many, many famous and successful people that have filed bankruptcy at one time in their lives, including Mark Twain, Henry Ford, Walt Disney and Donald Trump. There is life after bankruptcy.

To schedule a free appointment to discuss possible solutions to your financial situation, please call 225-771-8220 or 504-912-3805.

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Andress | Inzina
218 Rue Louis XIV, Suite A
Lafayette, LA 70508
Telephone: 337-347-9919
Fax: 337-541-2553
Andress | Inzina
343 N. Third Street, Suite 307
The Roumain Building

Baton Rouge, LA 70801
Telephone: 225-771-8220