One of the most difficult aspects of struggling with overwhelming debt is creditor harassment. This blog recently discussed the automatic stay during bankruptcy that can help provide some relief to struggling consumers and homeowners in North Carolina from creditor harassment but it is important for those seeking debt relief to be familiar with the full range of personal bankruptcy protections available to help them.
Both primary types of personal bankruptcy protection, Chapter 7 and Chapter 13 bankruptcy, and including any type of bankruptcy relief, serves as a resource to help struggling consumers protect what they care about a enjoy a fresh financial start. The automatic stay that is associated with both types of personal bankruptcy protections, as well as business bankruptcies, can help provide valuable breathing room for the struggling consumer while they seek bankruptcy relief.
When people think about tightening their budget, they usually think about cutting out trips to the café or dropping cable.