HELP WHEN YOU NEED IT

HELP WHEN YOU NEED IT

Personal service since 1995

James Keenan Law

Contact me for a free consultation!

βœ†  916.448.6923 - Phone me

πŸ“  916.715.6145 - Text me

βœ‰ Email James now!

Contact me for a free consultation!

βœ†  916.448.6923

πŸ“  916.715.6145

βœ‰ Email James now!

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Bankruptcy Debt Elimination

Get out of debt.  Now!  A recent CNBC news story cited credit card interest and fees topped a hundred billion dollars this past year.  That's a lot.  And this number is growing.  Bankruptcy debt elimination can be a way out.

Bankruptcy debt elimination is the end-result of a bankruptcy filing.  The bankruptcy term is discharge.  A discharge is a court order eliminating your debt.  Attempting to collect on a discharged debt is against the law.  Creditors can no longer collect following a bankruptcy filing and discharge.  It is the purpose of filing bankruptcy, whether here in Sacramento or elsewhere.

 bankruptcy debt elimination

Consumers often file for bankruptcy seeking relief from their creditors.  Bankruptcy does this.  As soon as a bankruptcy is filed, an automatic stay goes into effect immediately.  This means that creditors are stayed, or legally blocked, from attempting to collect upon the debt. Bankruptcy debt elimination results when the bankruptcy case completes.

Debt is expensive.  Too expensive.  When the cost of debt exceeds consumer budgets, bankruptcy is a way out.  Paying back debt is always an option.  But only for those who can afford to do so.  Most who file for bankruptcy can't.  It is why they file for bankruptcy.  The cost of debt is increasing.  The average interest rate on credit card debt is around 17%.  Debt can quickly snowball with such costs.  Bankruptcy debt elimination may be the only option at some point.  But it is a good one.

People are often reluctant to file bankruptcy.  If they can afford their debt, they should be.  For those, though, who can't financially mange their debt, bankruptcy is a solution.  Though bankruptcy is a negative on credit, bankruptcy debt elimination is a positive.  The question, then, is when does the elimination of debt through bankruptcy offset the negative of filing bankruptcy?  The answer is different for everyone.  Contact me for a free consultation to find where you stand financially.  You may be better off!

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Law Offices of James Keenan

2600 H St. Sacramento, CA 95816

Phone: 916-448-6923

Fax: 916-442-6524

Email: jameslkeenan@aol.com

 

Office Hours:
Monday – Friday
8 a.m. – 5:30 p.m.
Evening Appointments Available

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Disclaimer: The legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact James Keenan personally for a consultation on your particular matter. This web site is not intended to solicit clients for matters outside of the state of California.