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Eliminate Your Debt — What You Need to Know

Eliminate Your Debt What You Need to Know

The surest and most efficient process for eliminating debt you cannot hope to repay is bankruptcy. Yet, the decision to file for bankruptcy should not be made lightly. At Lincoln Bankruptcy, we believe in providing you with as much information as possible so that you can make an informed decision based on what’s best for you. When you take that affirmative step to discharge your debt through bankruptcy, you immediately get relief in the following areas:

  • Automatic stay protection Once your file for Chapter 7 or Chapter 13 bankruptcy, the court puts your creditors on notice. They may no longer contact you directly about your debt. They cannot use customary means to collect on your debt. From this moment forward, they must deal exclusively with the bankruptcy court.
  • Garnishment When a creditor garnishes your wages, it means you lose your control over your paycheck. You can no longer set the priorities for addressing your debt and balancing repayments with your household needs. Additionally, since the court orders your employer to withhold funds for your creditor, you face embarrassment on the job, which could hurt your career prospects. Fortunately, bankruptcy prevents and puts an end to garnishment.
  • Asset protection You may think bankruptcy means forfeiting possessions, but that’s not necessarily true. In fact, bankruptcy may help you preserve more of your assets than you could if creditors were permitted to foreclose on your home or repossess your car.
  • Credit repair You may worry about how bankruptcy will affect your credit, but if you’re not making all your payments or you’re carrying a high debt-to-income ratio, your credit is taking a hit anyway. Yes, for many people, bankruptcy will cause an abrupt drop in your credit rating, but once you’ve discharged your debt, you can start rebuilding your credit rating.
  • Creditor harassment Bankruptcy puts a stop to harassing phone calls. The automatic stay forbids creditors or collection agencies from contacting you.
  • Foreclosure Filing bankruptcy halts the foreclosure process. Under a Chapter 13 restructuring of your debt, your mortgage is made current and you can keep your home.
  • Repossession Bankruptcy prevents creditors from using direct collection tactics, including repossession. Once you file, you no longer have to live in fear of the repo man coming to your door and demanding the keys to your car.

Discuss the advantages of a Lincoln Bankruptcy plan with a qualified attorney

Contact Lincoln Bankruptcy today for a free consultation and debt evaluation from a qualified and experienced bankruptcy attorney. Call
402-317-5873 or contact our Nebraska office online.

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Welcome to Lincoln Bankruptcy

Our Firm

When you come to Lincoln Bankruptcy, all you need to bring with you is the desire to be Debt-Free

-Senior Partner

Lincoln Bankruptcy

We do all the work for you.

Your Lincoln Bankruptcy Attorney Will:

Deal with your creditors for you so you can breathe again
Collect your tax returns and credits reports for you
Prepare all filing documents for you
Provide independent credit counseling right in our office
Represent you at all court hearings

 

Contact us for a free consultation
Lincoln Bankruptcy Law Firm

402-317-5873

We are a debt relief agency. We help people file for relief under the bankruptcy code.

Lincoln Bankruptcy | The Lincoln Bankruptcy Law Firm is located in Lincoln, NE and serves clients in Nebraska.

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