KEY BANKRUPTCY POINTS

You will not lose all of your property when you file for bankruptcy. The bankruptcy laws were designed to protect certain property, such as your house, car, household goods, clothing, and some retirement funds.

You may qualify for credit in the future. Filing for bankruptcy allows you to start fresh.

Filing for bankruptcy does not eliminate all debts. For example, taxes, student loans, and child or family support debts are not dischargeable.

By law, the harassment from creditors must stop when you file bankruptcy. The moment you file for bankruptcy, the court issues an automatic stay. This requires your creditors immediately to stop collection actions against you — no more phone calls and no more threats.

Contact the Law Office of Kola Odubena at (240) 606-4620 or online today. We have years of experience handling bankruptcy matters. Let our attorneys assist you with your financial problems.