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The Benefits of Filing for Chapter 7 Bankruptcy in Lawrence, KS


Filing for chapter 7 bankruptcy can change your life, which is why you need to consider every other option before you decide to do so. However, there are several ways in which you can benefit from filing for Chapter 7 in Lawrence, KS.

Your Debts Will Be Erased

Bankruptcy can get rid of medical debt, personal loans, lawsuits and credit card debt. However, there are certain debts that cannot be eliminated. This includes student loans, child support and certain tax obligations. Joe Wittman can tell you which debts can be eliminated.

Your Credit Score Will Improve

You have probably been told that filing for chapter 7 in Lawrence, KS, can cause your credit score to drop. However, most people who file for bankruptcy already have a credit score that is below 600. You can start rebuilding your credit as soon as you file for bankruptcy. Most people notice a drastic improvement in just six months.

Prevent Lenders from Contacting You

Harassing phone calls are one of the most nerve-wracking things about having debt that you cannot pay. However, you will not have to worry about dealing with harassing phone calls after you file for bankruptcy. Lenders are required by law to stop contacting you after you file for bankruptcy.

No Wage Garnishment

When you get your wages garnished, your paycheck will be sent to your creditors. This can make things a lot more difficult for you financially. You will not get your wages garnished if you file for chapter 7 bankruptcy. Joe Wittman can guide you through the process of filing for bankruptcy.

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