Bankruptcy Overview

Deciding whether or not to file a personal bankruptcy is a difficult decision, and one that should not be done hastily. You need to turn to an experienced bankruptcy attorney to help you understand your options, the legal process, and the consequences of your decisions (and failure to make a decision).  At Law office of Matthew C. Swanson you will be provided with customized guidance and help to determine whether bankruptcy is the right option for you.personal bankruptcy

Even when careful with our finances and try and plan for the unexpected, there are situations where we will be left faced with overwhelming debt and nowhere to turn. Bankruptcy is a legal procedure that enables a debtor to seek relief under the protection of the bankruptcy court. Filing for bankruptcy places an automatic stay on all debt collection efforts and lawsuits against the debt, including foreclosure. It will stop wage garnishments and can prevent repossession as well as put an end to all contact from creditors and debt collectors who are trying to recover the money they are owed. Upon the completion of the case, all eligible debts will be discharged and your responsibilities to these debts will be eliminated.

If you are worried or uncomfortable with filing bankruptcy, you are not alone. Many people feel the same way. Just in 2013, there were over a million personal bankruptcy filings. These individuals and families made a difficult decision to protect their assets and lay the groundwork for a brighter future. Bankruptcy law was designed specifically to help people overcome overwhelming debt. Bankruptcy gives an honest person a fresh start.