Getting Financial Relief After Declaring Bankruptcy

Bankruptcy is a legal process where a person who is unable to pay off his debts is allowed to obtain a form of debt relief through a certain type of state and federal statute. Financial freedom and security is experienced by many who filed for bankruptcy which resulted in creditors not being able to file lawsuits against them. To prevent lenders from making aggressive phone calls that demands payment, the court will order an 'automatic stay' in the course of the bankruptcy. There are several people who chose to file bankruptcy without the help of a legal counsel but you may actually gain

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