Leading bankruptcy lawyer Bryan Keenan founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA says that bankrupcy can represent the most effective route to achieving a successful financial recovery for those grappling with debt. For more information please visit https://bryankeenanattorney.com
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Filing for bankruptcy might make you feel like you have failed but a leading Pittsburgh bankruptcy attorney says that for most people facing debt filing is the best path to a successful financial recovery.
For more information please visit https://bryankeenanattorney.com
“Not being able to pay all your bills shouldn't make you feel like you have failed. Most people who are facing bankruptcy need to file a result of life circumstances beyond their control. For those that have made bad decisions, whether or not you feel like a failure depends upon what you do next. You're only a failure if you suffer a setback, and then don't learn from it.”
Bryan P. Keenan, founder of Bryan P. Keenan & Associates, PC, said too many people are afraid to file bankruptcy because they believe that filing makes them a failure. Filing bankruptcy can mitigate the pressure and overwhelming nature of handling numerous creditors. In fact, you may experience immediate relief once your debts are discharged and you no longer have to repay some or all of your financial obligations.
For most people filing for bankruptcy they would do so under Chapter 7 or Chapter 13. In a Chapter 7 Bankruptcy the court cancels (discharges) your debt. Your bills “vanish.” You are no longer responsible for them. You get a clean slate and a chance to start over with no debt. A Chapter 13 Bankruptcy is a 3 to 5-year payment plan to repay your debts. This can help you try to avoid foreclosure of your home or to pay off other debts, such as taxes or that you cannot discharge.
He said anyone facing foreclosure on their homes should consider a Chapter 13 Bankruptcy to save their home. "Declaring Chapter 13 bankruptcy automatically halts the foreclosure process," he confirmed, "allowing you breathing space to tackle your mortgage arrears over three to five years while making your current mortgage payments. A Chapter 13 may also protect your home from foreclosure while a loan modification is being considered."
Keenan explained: "The objective of bankruptcy laws is to allow people who find themselves losing their job, over-extended, facing unexpected medical expenses, or the death of a family's breadwinner, to wipe the debt slate clean and begin anew."
Keenan advised anyone contemplating bankruptcy should seek the advice of an experienced bankruptcy attorney to discuss their options.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220,
Phone: 412-922-5116
Website: https://bryankeenanattorney.com
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