You will experience immediate debt relief and your stress level will begin to subside once you file bankruptcy. You will receive immediate protection from your creditors. You will no longer receive monthly statements, collection notices, telephone calls or letters threatening legal action. Your unsecured creditors must communicate directly with your Faber Trustee.
You also receive immediate protection and relief from any legal action that was commenced against you by your unsecured creditors. Your Faber Trustee will immediately intervene to terminate any wage garnishee, bank account seizure or unencumbered asset seizure.
You will gain control of your finances. You stop making payments to all your unsecured creditors. We will work with you to develop proper money management techniques to assist you in planning for a secure financial future.
Advantages of Bankruptcy
Disadvantages of Bankruptcy
These are some of the advantages and disadvantages of bankruptcy. To determine whether a personal bankruptcy, a consumer proposal or other debt restructuring plan is appropriate for you, call Faber today to schedule your free, confidential, no-obligation consultation. We would be pleased to meet with you in person to review your financial situation and discuss with you all options available to you to eliminate your debt and provide you with a fresh financial start.