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Bankruptcy is actually better than it sounds.

Bankruptcy is actually better than it sounds.

Tanya Dwyer · Thursday, May 28th 2009 at 10:14AM · 96 views
There are a lot of great things about bankruptcy that make it sound too good to be true. But the fact is, the concept has been around since ancient times as powerful protection for those who need it (See Deuteronomy 15). It was put in the US Constitution by the Founding Fathers because it’s been a valuable and necessary part of strong civilizations. Today, the countries with the strongest economies have bankruptcy laws.
Bankruptcy can save your home, your car, your paycheck, your bank accounts. Bankruptcy can get rid of all your consumer debts: credit card bills, medical bills, old utility bills and other types of loans. Bankruptcy provides immediate protection the day it is filed. On the day Bankruptcy is filed, the Bankruptcy Court issues an Automatic Stay. The Automatic Stay is what allows people to legally stop paying their consumer bills. Any debt that will be erased by bankruptcy is no longer repaid, starting on the day you file.

To learn more about Bankruptcy, facts and myths, please see our website, www.DwyerLawNYC.com

This blog is informational only. No legal advice is intended. If you need help with your case, please seek an attorney in your location. Dwyer and Associates is a New York debt relief agency. We help people file for Bankruptcy under the Bankruptcy Code.

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Tanya Dwyer New York, NY

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