What Creditors Do Not Want You To Know About Bankruptcy

Creditors and debt settlement companies make money by keeping you in debt. That’s why the don’t want you to know that under federal law you have a right to eliminate most, if not all, of your debt.

Bankruptcy can eliminate your debt for a fraction of what you would otherwise pay to the creditors or debt settlement companies — and in way less time.

The credit industry does everything they can to restrict debtors from filing for bankruptcy. Creditors can be aggressive and often try to discourage and frighten people in order to collect on debts.

Bankruptcy is the most effective way to eliminate overwhelming debt.
Credit companies spend a lot of money and do a lot of work to promote anti-bankruptcy PR campaigns in order to make sure that the word “bankruptcy” remains clouded in false information. They do this because they don’t want you out of debt so they put a lot of effort into suggesting credit consolidation. Also because charging late fees and obtaining huge interest is big business and big money. Many of the debt consolidation companies are actually owned by the credit card companies!

While in the past bankruptcy laws were a little restrictive, it’s not the case nowadays. It’s true that recent laws have relatively more paperwork and steps for bankruptcy filings, but this burden will be mostly on your bankruptcy attorney and not you.

Creditors want you to think that if you file for bankruptcy, you will lose all your personal belongings, your car, and your house. However, the truth is that most of the petitioners keep all their properties.

Bankruptcy pauses repossessions and foreclosures, stops collections and garnishments, and prevents property repossessions via creditor judgments. As soon as you file for bankruptcy you are protected from your creditors.

You can rebuild your credit fast. Another secret most creditors don’t want to you to know about is that you will be able to work on repairing your credit score once your debt is discharged. In fact, many individuals get approved for a loan or a secured credit card within a year after filing bankruptcy.

Most people who file bankruptcy are good people who have experienced difficult times. Creditors want you to think that only deadbeats file for bankruptcy. It is not true as most of the petitioners get into financial trouble due to a job loss, unforeseen medical expenses or divorce.

For more information about Chapter 13 Bankruptcy and its benefits over Chapter 7:




Saedi Law Group are experienced Atlanta bankruptcy lawyers who have been helping Georgians file for bankruptcy for over 20 years. We have filed thousands of bankruptcy cases here in Georgia and are in court every day fighting for our client’s rights against creditors.

If you are currently struggling with overwhelming debt, or feel your financial situation will be severely stressed in the coming weeks, now is the best time to start looking at all options available to you. Saedi Law Group offers a free, no obligation consultation with an experienced attorney (not a paralegal) who will review your specific situation and advise you about your options for moving forward.

Our team is passionate about our work and we take it very seriously. It is a privilege to help clients and their families in times like these. Bankruptcy was created for this purpose. Please contact us today at (404) 919-7296 or info@saedilawgroup.com to learn about what you can do to protect your future. #bankruptcy​ #lawyer​ #attorney​ #Georgia​ #Atlanta​ #lawgirlboss​ #chapter13​ #chapter7#bankruptcyfacts#creditcardcompanies


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