Sunday, July 30, 2017

Consider Bankruptcy

Saving your credit score is only one of many reasons to Consider Bankruptcy

Credit scores aren’t the only aspects why you should consider in filing bankruptcy.
Its an end to collection h-e-double hockey sticks!: Nosal’s study cited above found that once people fell seriously behind on their debt — with at least one account 120 days overdue, for example — their financial troubles tended to get worse. Balances in collections and the large percentage of people with court judgments grew.
People who finally utilize the government program to file for bankruptcy benefit from the “automatic stay,” which stops almost all collection efforts, including lawsuits and wage garnishments. If the underlying debt is erased, the lawsuits and garnishment end and in a lot cases, debt free.

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