Destin, FL -- (ReleaseWire) -- 01/29/2014 -- An experienced Florida attorney recently posted a blog article outlining ways bankruptcy can help your finances. John F. Greene, a Destin attorney, handles a variety of cases involving bankruptcy. For some people, it can be a viable way to end an array of financial issues.
In How Bankruptcy Might Help Your Finances, the Law Office of John F. Greene indicates bankruptcy can help stop lawsuits, bank levies and garnishments. For people who have defaulted several time and do not have the income to honor their monthly payments, bankruptcy can be a solution. Filing for Chapter 7 bankruptcy can help a debtor prevent garnishment as well as cease bank levies and prevent the recording of liens on a home.
The Law Office of John F. Greene also outlines how Chapter 7 bankruptcy can wipe out certain unsecured debts such as credit cards, payday loans and medical debts. With secured debts such as a car loan or mortgage, the collateral can be surrendered in a bankruptcy if the debtor cannot complete the payment. Bankruptcy is also a more reliable and affordable option than debt settlement or debt consolidation.
According to the Law Office of John F. Greene, another benefit of filing for bankruptcy is the ability to start with a clean slate. While a filing for bankruptcy remains on a person's credit report for up to 10 years, wiping out debts can help to boost your credit score. It is important to weigh the pros and cons with a knowledgeable attorney before filing for bankruptcy.
About the Law Office of John F. Greene
For over 29 years, the Law Office of John F. Greene has built an excellent reputation for effectively representing clients in criminal defense, family law matters, personal injury and bankruptcy. John F. Greene offers personalized attention and is available for appointments to discuss various cases.
Law Office of John F Greene
4507 Furling Ln
Destin, FL 32541