Bankruptcy has a bad reputation in the U.S. for the wrong reasons. Many people assume that bankruptcy is for those with nothing to lose. This assumption could not be further from the truth. Bankruptcy is for people who have assets they want to protect. An automatic stay goes into effect when you file for bankruptcy. The automatic stay prevents most creditor collection actions, including property seizure and wage garnishments. Creditors can suffer consequences for attempting to collect payments or seize property while an automatic stay is in effect. You could use bankruptcy’s automatic stay to prevent a creditor from foreclosing on your home or seizing a vehicle. The automatic stay can prevent wage garnishments, allowing you to keep money that you need to pay important bills. Chapter 7 and Chapter 13 bankruptcy allow you to discharge cumbersome debts while protecting your most important assets. By discharging your debts in bankruptcy, it becomes much easier to rebuild your finances. If you want to file Chapter 13 bankruptcy, our firm offers $0 up-front filing options.