The Oprah Magazine
Super Lawyers
Avvo Rating
Entrepreneur Magazine
Martindale-Hubbell 20 Year Anniversary

How Bankruptcy Helps and How it Doesn't

How bankruptcy HELPS and how it may not:

Although bankruptcy is normally not a person's first choice, it is sometimes the best solution to overwhelming and unmanageable debt. There are several benefits and ways that bankruptcy can help:

  • How it may HELP YOU by:
    • Save your home from Foreclosure! By timely filing for bankruptcy the laws provide protection for a debtor's home by imposing an Automatic Stay on foreclosure proceedings;
    • Protect your vehicle from creditors. The Automatic Stay can also protect your car from repossession, or even in some cases force a creditor to return the vehicle to the owner;
    • Keep your utilities on! The Automatic stay can force utility companies to keep your electricity and water running, and sometimes even reconnect if service has been terminated for non-payment;
    • Stop Creditor Harassment and Wage Garnishments;
    • Completely stop or lower payments to creditors. The automatic stay lower payments to creditors by at times eliminating the interest; and
    • DISCHARGE YOUR DEBT COMPLETELY! Qualifying debtors can discharge all their consumer debt by filing a Chapter 7 Bankruptcy. When a debtor's debt is discharged, they no longer have an obligation to pay.
    • Bankruptcy may be the only way to get a fresh start!

  • Where bankruptcy MAY NOT help:
    • Filing for bankruptcy will not help with alleviating payments such as:
      • Child support
      • Alimony
      • Most taxes
      • Most student loans
      • Criminal fines
    • Bankruptcy may not discharge certain liens of secured creditors. A secured creditor is one that has the ability to place a lien on the debtor's property for non-payment of the debt.
    • Filing for bankruptcy will not assist in discharging debt incurred after the filing of the bankruptcy.
Client Reviews
Carmen G. Soto, PA and her amazing legal team is Excellent!!!! represented my daughter during divorce and we would absolutely recommend her!! Thank you and GOD BLESS YOU!! Ing. Delgado and Family
Carmen G. Soto, is an excellent attorney. She is very patient, knowledgeable, professional and my favorite.... flexible with payment plans. I was in need of an attorney to secure my sons future, and Carmen with her knowledge and experience provided the support we needed. I can honestly say that as a man/father we never get a fair chance in the courtrooms concerning family matters but Carmen made sure the Court systems saw past that stigma and justice was rightfully served. I would highly recommend Carmen G. Soto and her staff. Anonymous
Never having to use an attorney before, I was quite nervous and skeptical about my first meeting. Carmen Soto, not only made my first experience very comfortable, but was very informative and quite knowledgeable in the field of family law and divorce. She was there every step of the way for me as a support system, and her confidence and expertise made my otherwise very difficult situation, a very positive one. I highly recommend Carmen Soto. She is an excellent and compassionate attorney who clearly outlines all your options and takes a personal interest in your individual situation. Anonymous