Bankruptcy is a legal process through which a person who is struggling to make payments on his/her d
There are many advantages to declaring bankruptcy in California. Bankruptcy may allow you to eliminate most or even all of your debts, depending on your unique financial situation. Declaring bankruptcy may help you prevent the repossession of vital property in your life, such as your car or other motor vehicle. It may also help you stop foreclosure on your home, and stop debt collection services from harassing you and/or garnishing your wages. Also, as mentioned in the paragraph above, declaring bankruptcy will relieve you from any immediate debts, as the court system will issue you an automatic stay. Lastly, bankruptcy laws make it illegal for employers to discriminate against you for declaring bankruptcy, so doing so shouldn’t have a negative effect on your employment future.
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