Debt Relief Services

In our role as a consumer bankruptcy firm, we frequently encounter the question: "When does it make sense to file for bankruptcy?" The answers often heard range from "when the debt is unmanageable," to "only when it's the last resort," or "at the point when you don't see a way to pay your debt in the foreseeable future." However, it's critical to remember that these responses, while potentially helpful, may not apply universally.

The decision to file for bankruptcy is an incredibly personal one. It differs from individual to individual, as each person has unique circumstances, tolerance levels, and views on what constitutes an acceptable amount of stress. Therefore, a one-size-fits-all answer simply doesn't exist.

At DebtStoppers, we believe that the turning point comes when you, the individual in debt, feel that "enough is enough." The moment you no longer wish to shoulder the burden of your debt, that's when it makes sense for you to consider bankruptcy.

Our role as legal professionals is to guide you through the bankruptcy process, inform you of your rights, and provide you with the tools to make an informed decision. However, the final call is yours to make. It's a personal decision, and the "right" answer can only be determined by you, based on your unique situation and feelings.

Each journey through debt and bankruptcy is unique. As such, it's essential to approach the decision to file for bankruptcy with empathy and understanding, acknowledging the stress and emotions involved. We are here to empower you, providing you with accurate information and guidance, so you can make the decision that best suits your needs and helps you move forward with your life.

Remember, the decision to file for bankruptcy isn't a sign of failure—it's a step towards regaining control of your financial future. And whatever path you choose to take, we at DebtStoppers are here to support you every step of the way.

If you have any questions or need guidance about bankruptcy, don't hesitate to reach out to us. We're here to help.

• Stop Foreclosure. Save Your Home — Filing bankruptcy prevents your mortgage lender from foreclosing on your home. Under Chapter 13, you can reorganize your debt into a manageable repayment plan, including low monthly payments that allow you to keep your home.
• Stop Repossession. Get Your Car or Truck Back. Lower Your Payment — A bankruptcy plan stops car or truck repossession. If you act quickly, it can even get your repossessed vehicle back — and even get your car payment lowered. Our attorneys can help you keep your possessions and take back your financial life
• Stop Credit Card Debt. Repair Your Credit — As your debt-to-income ratio grows, your credit score declines. Your lenders respond by tightening your credit and raising your interest rates. Filing for bankruptcy can actually reverse this trend, as you begin to take the necessary steps to repair your credit.
• Stop Creditor Harassment — As soon as you file for Chapter 7 or Chapter 13, the bankruptcy court grants you automatic stay protection. This orders your creditors to back off. They can't contact you directly and can only attempt to collect on your debts through the bankruptcy court. The automatic stay effectively eliminates harassing phone calls and other collection tactics. In fact, when creditors ignore this court order, you may be able to sue them for damages!
• Keep Your Possessions — You may think that filing for bankruptcy will force you to sell everything you own. Nothing could be further from the truth. In reality, bankruptcy helps you hold onto important items like your home, your car, your retirement plan — even your cash.

Sooner or later, all of us go through tough financial times. Job loss or a reduction in hours, divorce, an unexpected medical bill or large repair expense can put us over the edge. More American families than ever find themselves one paycheck away from serious financial trouble.

Anticipating the heavy burden a poor economy places on families, Congress passed — and the president signed into law — the most effective debt relief tool ever created for helping working people eliminate debt: the personal bankruptcy statutes governing Chapter 7 bankruptcy and Chapter 13 bankruptcy.

The history of U.S. bankruptcy law is very interesting and reflects the nation’s evolving attitude toward debt that has slowly moved from creditor protection towards fairness and relief for debtors.  Throughout the history, leaders like Abraham Lincoln, who himself had personal property seized to pay his delinquent debt, championed bankruptcy laws that protect individuals and offer a fresh start.  Early laws in 1800, 1841, and 1867 were short-lived and focused mainly on maximizing creditor recoveries. 

The Bankruptcy Act of 1898 was the first permanent system, introducing trustees and allowing businesses and individuals to seek relief. The Chandler Act of 1938expanded debtor protections during the Great Depression. In 1978, the modern Bankruptcy Code created Chapters 7, 11, and 13, emphasizing rehabilitation snd a fresh start. While the 2005 BAPCPA reforms made consumer filings a but more complex, recent laws have supported small businesses and reopened the door for student loan relief.

Today, the bankruptcy system most fairly balances the rights of creditors to be paid with the rights of debtors to break free from an oppressive debt burden.  The law encourages those who truly can afford to pay their debt to do so but prioritizes the need for every individual to afford their everyday living expenses.

DebtStoppers is one of our country’s largest bankruptcy law firms. We've helped countless families stop foreclosure, garnishment and repossession, eliminate debt and hold on to their homes, vehicles and valued possessions. We offer sound debt advice, answer your questions and guide you through the bankruptcy process patiently and professionally. We will always treat you with the respect you deserve. We know how it feels to be overwhelmed by debt and we'll take all the time needed to make sure we understand your situation and your wishes.

Your DebtStoppers bankruptcy lawyer is your advocate. We'll fight for you and keep your interests always in the forefront. Call DebtStoppers today at 844-546-7300, or fill out our easy online appointment form.