Understanding Bankruptcy: A Fresh Start, Not a Failure

This is probably the most common topic I write about; it’s the #1 thing I want people to know about bankruptcy:

Bankruptcy is often misunderstood. Many people see it as the end of the road, but in reality, it’s a legal tool designed to help consumers like you and me regain financial stability. Whether you're overwhelmed by credit card debt, facing foreclosure, or dealing with medical bills, bankruptcy can provide much-needed relief.

There are two common types for consumers: Chapter 7 and Chapter 13. Each chapter offers a different path to eliminating your debts.

One of the huge benefits you receive as soon as you file is called the “automatic stay,” which stops most collection actions, lawsuits, and wage garnishments. It gives you breathing room to reorganize and move forward.

Bankruptcy wipes the slate clean and opens the door to rebuilding. For many, it’s not the end—just the beginning of a more stable financial future.

Call/Text/Email today to schedule your free over-the-phone consultation.

Take Care!

Lucas Ruffing
Attorney
740-815-1114 (call/text)
LucasRuffingLaw@gmail.com (email)