If you are dealing with overwhelming debts, you have probably looked into all of the possible debt relief options available to you. Many debtors arrive at the conclusion that filing for bankruptcy is the best way to ensure a debt-free life in the long term. However, they are often confused about which chapter they should file for and what the process involves.
Filing for bankruptcy is never something that people do willingly. It requires that debtors accept the financial trouble that they have found themselves in, and take radical action to work toward a debt-free life. While this is never an easy choice to make, it is often made harder by widely spread myths about bankruptcy.
Right now, there are limits on how often creditors can contact you to demand payment -- and by what methods. Legitimate debt collection companies know they have to abide by these limits and that there are stiff penalties for crossing them. They can even be sued by the debtors they're trying to collect from if they go too far over the line.