Am I Eligible for the Same Benefits If I File Bankruptcy from Home?

Bankruptcy at Home

Filing for bankruptcy at home is one of the best ways to get relief from debt. Not only does filing stop the aggressive collection efforts against you, but it also gives you a fresh financial start. It’s a tool you can use to create long-term financial change in your life.

But what if you are unable to go to court or you can’t leave your home.

Many courts and other facilities shutdown when COVID-19 began to spread through the United States. Our usual activities were limited and we had to find new ways to accomplish the things we do regularly. Even if lockdowns in your area were not strict, you might have chosen to avoid social interaction for your safety or the safety of your loved ones.

Many people facing financial struggles believed that postponing their attempt to file for bankruptcy had to be put on hold, but this isn’t the case.

It’s possible to file for bankruptcy from home. You can meet with your attorney, submit your paperwork, conduct meetings, and deal with any issues that arise without ever leaving your home.

But do you get all of the same benefits bankruptcy offers when you file from home?

The simplest answer is yes. For example:

Automatic Stay

When you file for bankruptcy from home you get the benefit of the automatic stay.

The automatic stay prevents creditors from trying to collect a debt. They cannot contact you about a debt, nor can they take legal action against you. Any collection efforts in progress, including foreclosure and repossession efforts, must stop. For some debts, this is it and the debt will eventually be discharged. Once you file for bankruptcy you receive immediate relief from certain types of debt.

Protection of Assets

When you file for bankruptcy from home your attorney can help you protect your assets.

This means if aggressive collection efforts have begun, they’ll stop when you file. Bankruptcy also means you’ll be able to protect assets you are otherwise at risk for losing when you file. Even if repossession or foreclosure efforts have not yet begun, you won’t need to worry about losing your home, vehicle, or any other assets when you file for bankruptcy.

Protecting your assets properly requires guidance from an experienced attorney. The process is complicated, so if you are concerned about losing something you care about, make sure you work with an attorney who understands how to exempt your property.

To learn more about bankruptcy exemptions, see this information from NOLO.com.

Stop the Bleeding and Begin Anew by Filing for Bankruptcy at Home

When you file for bankruptcy from you can finally stop the financial bleeding and begin to move forward.

Bankruptcy is a powerful tool. It isn’t right for everyone, but it can help many who are struggling with their financial situation regroup and move forward. There are consequences to filing, but more often than not, bankruptcy is the first step in repairing your financial situation.

If you’d like to know more about the benefits of filing for bankruptcy from home or you are ready to speak to a bankruptcy attorney, contact the Law Office of Robert M. Geller at 813-254-5696 for more information.