The effects of COVID-19 have left many with financial struggles. The uncertainty of secure employment, coupled with increasing debts presents an unclear path forward for many families across Massachusetts. The thought of filing for bankruptcy is often met with fear and apprehension; due in part to the stigma associated with "going bankrupt." Many worry that bankruptcy will ruin their credit or they’ll lose all of the assets they’ve worked hard to obtain. To the contrary, bankruptcy may be a wise option for some for multiple reasons. Bankruptcy can provide those saddled with overwhelming debt with a fresh start and financial security. It also provides debtors with other benefits, including relief from collection actions, the ability to discharge debts and a way to rebuild a stronger financial future.
In the coming weeks Ence & Boehlen, PLLC will present “Benefits of Bankruptcy.” A series designed to introduce many of the lesser known benefits of seeking bankruptcy protection and dispel many of the fears and misconceptions often associated with filing Chapter 7 bankruptcy petitions. If you are considering filing for bankruptcy or have questions about the process, please contact Attorney Kayla E. Boehlen at 413-730-4455 or email her at kayla@law-eb.com for a free initial consultation.
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