Life After Bankruptcy
While the bankruptcy process can seem intimidating at first, it helps to focus on the goal. Life after bankruptcy will be a vast improvement over the difficult situation you’re facing now. Most importantly, after completing bankruptcy, you will be free from most or all debts.
You will also have most or all your property. If you were on the brink of foreclosure, by the end of Chapter 13 bankruptcy, you may be all caught up on overdue payments. You will also likely have been able to keep your car and other belongings.
Most people who successfully pursue bankruptcy come away with a profound sense of financial freedom.
Without the constant stress of overdue payments, escalating interest and creditor harassment, you can finally put financial worries behind you.
Below are some additional benefits of life after bankruptcy.
- Without burdensome debts, you can finally have room to breathe and establish a firmer financial foundation.
- You can start rebuilding your credit — a process that typically happens much faster than you might think.
- You can eventually qualify for a mortgage, car loans and credit cards once again.
As you can see, for many people, the benefits of bankruptcy far outweigh any downsides.
Contact A Trusted Bankruptcy Firm In North Carolina
To learn more about what life after bankruptcy will look like for you, call Wootton & Wootton, P.C., at 919-794-8660. Our attorneys help people through the Durham and Henderson areas become debt-free.
We offer free initial consultations so you can sit down with a lawyer and find out exactly what to expect. What’s more, you won’t owe anything until filing (for Chapter 7), and we offer no money down for Chapter 13.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.