Check out these four tricks used to get you to spend more (without you knowing it).
1 Minute Read
Bankruptcy is a process established by a set of federal laws that is designed to give debtors a "fresh start" by canceling many of their debts through an order of the court.
Bankruptcy also allows creditors who are owed money a chance to get their designated share of any money the debtors can afford to, or are obligated to, pay back.
Local experts you can trust. Find an ELP
When a bankruptcy is filed, creditors have to stop any attempt to collect a debt, at least temporarily. There is usually immediate relief from creditor pressure, and a bankruptcy can stop a pending foreclosure sale of your home, a garnishment of your wages, or a threatened repossession. Most creditors cannot call, write or sue you after you have filed bankruptcy.
If you are in danger of bankruptcy contact one of Dave's trained financial coaches.