What Are the Advantages of Filing Bankruptcy

Advantages of Filing Bankruptcy?
Filing for bankruptcy allows most of the depressed folks a fresh financial start. Your debts are discharged and all the collection efforts are stopped immediately. Sooner you file for bankruptcy, an automatic stay is placed on the collection calls. If a creditors continues to collect, the creditor may be held in contempt of court and there are hefty penalties. There are also laws which stops and punishes all kinds of discrimination against people who declares bankruptcy.

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