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Bankruptcy Book by

PETER FRANCIS GERACI

  
Chapter #6
WHAT CAN BANKRUPTCY DO FOR YOU?

____Gets rid of as many bills as possible.

_____Does not affect car payments if you keep the car and continue payments.

_____Stops all calls and letters from bill collectors.

_____Gets rid of cars you don't want.

_____Stops interest on charge cards.

_____Clears credit report except for bankruptcy listing.

_____Lets you get a fresh start.

_____New credit, including VISA & MASTERCARD, possible.

_____Helps you catch up on house and car payments.

_____Lowers interest on furniture and appliance payments.

_____Stops interest on taxes due.

_____Solves drivers license suspensions from automobile accidents.

_____Gets rid of student loans first due more than 5 years ago.

_____Allows you to start a savings plan immediately.

_____Stops garnishments and wage assignments.

_____Never pay another charge bill again.

_____Effective immediately to stop all calls from collectors.

_____Stops lawsuits immediately.

_____Employer doesn't know about it.

_____It is not "no credit for 7 years." You can even buy a house during a bankruptcy.

_____Allows you to start saving for a house.

_____Money used to pay charges can now pay current expenses.

_____Keep all your personal belongings and furnishings (up to statutory limit).

_____Protect your assets from lawsuits and attachments and garnishments.

_____Get out of leases.

_____Clear up past due utility bills--only a deposit needed to restart service.

_____All negative credit reports before bankruptcy are cleared.

_____Accounts you have listed, but are keeping, are credit references in the future.