Huntsville Attorney Amy TannerNo! Bankruptcy is definitely NOT bad and, for most bankruptcy filers, it is the best decision they have ever made to improve their credit and get a fresh start. Bankruptcy can happen to anyone; consumers, corporations and even governments. Bankruptcy is not bad, it is here to help. A chapter 13 bankruptcy acts as a debt consolidation and can allow you some breathing room to reorganize and pay your debts through one monthly payment. It can even stop repossessions, foreclosures and garnishments so that you won’t lose your property to your creditors and can get your bills paid through an organized, income based plan. A chapter 7 bankruptcy can allow you an immediate fresh start ultimately allowing you to be forgiven of most debt and rebuild your credit. Bankruptcy can get your creditors off your back and stop harassing letters and phone calls immediately.

Bankruptcy will make your credit worse assuming that you are already delinquent on debt and, in most instances, is a positive step to rebuilding an already low credit score. If your credit is already suffering due to late payments, judgments, repossessions or other credit mishaps, a discharged bankruptcy is only going to help improve your credit and get you on the road to rebuilding. The Bible even addresses receiving forgiveness of debt in Deuteronomy 15:1-2 it says:

At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release what he has lent to his neighbor, his brother, because the Lord’s release has been proclaimed.

You can hear and read more on what the Bible says about bankruptcy here.

Many consumers who file for bankruptcy are very hardworking people who have had something go wrong such as a medical issue while uninsured, a loss of income of their own or a spouse, an unexpected expense, a disability, a lay-off and many other reasons bring people to consider bankruptcy to assist with financial hardships.

Don’t wait until you are overwhelmed and sleepless with the worry of unpaid bills. All of our attorneys are experienced at helping you break through the financial stress and the best way for us to start helping you is to call our office nearest you and schedule a free, confidential consultation to discuss what bankruptcy options are available to you.


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Amy Tanner
Written by Amy Tanner

Amy K Tanner is a shareholder in several of the Bond & Botes Law Offices. She holds a Bachelor of Science from Auburn University at Montgomery, and a Juris Doctorate from Thomas Goode Jones School of Law. She focuses primarily on consumer bankruptcy law in the Huntsville and Decatur offices.Read her full bio here.

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