The Three Main Benefits of Filing Bankruptcy

    Written by Legal Videos on . Posted in Chapter 7 bankruptcy michigan, Chapter 7 vs chapter 13, Information on filing bankruptcy

    Sterling heights bankruptcy attorneys

    There are so many benefits of filing bankruptcy, it’s a wonder that more people don’t choose it. They’ve heard too many myths about it, and believe it’s the endgame of their financial lives, when in truth, it’s the beginning of a new one–a fresh start. Although bankruptcy does spoil your credit for years afterwards, there are simply too many benefits of filing bankruptcy not to consider a viable option when your back is against the wall.

    To help you see why it could potentially be the solution you need, here are a few of the benefits of filing bankruptcy!

    1. The Automatic Stay and the Retention of Exempted Property.