Many borrowers struggle with debts they'll never be able to repay, under the mistaken impression that filing for bankruptcy will represent the end of their financial life. In fact, the bankruptcy law attorneys at Robert Chamoun Law Firm in Southaven, MS, say that often the opposite is true. Filing for bankruptcy can actually save your entire financial future.
Bankruptcy law gives wage earners the opportunity to start again with invaluable benefits such as:
- Improved Credit: While having a bankruptcy on your credit report is a negative mark, it looks better than having several accounts that have fallen delinquent and been sent to collections. The bankruptcy marks a point from which you can start moving forward.
- A Repayment Settlement: A Chapter 7 bankruptcy allows you to discharge most unsecured consumer debt, but for other situations, a Chapter 13 may be more appropriate. In this program, you'll be able to catch up on mortgage payments and other debts on which you've fallen behind without surrendering your property.
- Help Keeping Your Property: While bankruptcy law requires you to surrender your property to pay back some of your creditors, there are important exemptions. A bankruptcy attorney will ensure that you keep as much of your property as possible, which can be a profound benefit when beginning your life again.
For over 30 years, the multistate law office of Robert Chamoun Law Firm has provided clients throughout Mississippi and Tennessee with high-quality legal representation in a wide variety of practice areas. When you're looking for a way out from under crippling debt, you can depend on this firm for caring attention and affordable, effective bankruptcy law services.
Visit the Robert Chamoun Law Firm online to learn more about their legal services, or just call (901) 596-4022 to schedule a consultation with an attorney.