Bankruptcy
Bankruptcy is a very difficult word to say. The truth is, nobody likes to think about topics like home foreclosure, creditor harassment, and wage garnishments. But bankruptcy often provides relief to people in difficult financial circumstances. Chapter 7 bankruptcy is especially helpful for people who have high unsecured debts like medical bills, credit card debt, and unsecured personal loans. In most Chapter 7 cases, an automatic stay goes into effect immediately, stopping creditors and debt collectors in their tracks.
Bankruptcy should be considered only in cases of financial crisis and only as a last resort. If you find yourself in such a position, call us. At Nicodemo & Wilson, we are committed to using our best efforts to free our clients from their debt stranglehold and enable them to begin a fresh start.