Bankruptcy Benefits

The benefits of filing for bankruptcy can be immediate, with long-term debt relief for both you and your family.

Wondering what happens when you declare bankruptcy? It’s not the end of the road—it’s the beginning of taking control. Bankruptcy is a legal process designed to give you a fresh start, and it comes with powerful protections and advantages:

• Positive action & reduced stress: Knowing you’re finally doing something about overwhelming debt lifts a huge burden off your shoulders.

• Harassing phone calls stop: Debt collectors are legally prohibited from contacting you once your bankruptcy is filed.

• Wage garnishments end: If your wages are being garnished due to consumer debt, that will stop immediately—and you’ll receive your full paycheque again.

• No more interest on debts: Interest charges on your existing debts are frozen the moment your bankruptcy is filed.

• Consumer debts are eliminated: Unsecured debts are discharged, meaning you’re no longer responsible for paying them back.

• You can start rebuilding your credit: In as little as 9 months after discharge, you can begin the process of restoring your credit and financial future.

The bankruptcy benefits can be immediate with long term implications to you and your family.

We thought long and hard before considering filing for bankruptcy, but the long term benefits of bankruptcy made sense.  We spoke to Brenda at YanchDey who was very professional and helped us get our life back on track, Give them a call it changed my life  John Kerr, Scarborough

If you decide to settle your issues in bankruptcy you’ll learn that bankruptcies can be the lowest cost solution to you, especially where you have assets that are considered non-exempt or have surplus income.

As well bankruptcies are usually completed in 9 months, meaning that once the bankruptcy is discharged then you can start rebuilding your credit.

I got into financial issues using credit, after my wages were garnisheed a friend told my about YanchDey.  They were honest and together we decided bankruptcy was the option for me.  The bankruptcy has been discharged, and I am rebuilding my credit. Thanks Again! J.Kerr Toronto.

One of of the benefits of when you declare bankruptcy is that the stress in your life will drop dramatically.

Most of our clients are received that something positive is being done. People tell us they feel a burden has removed from their life, and they have renewed hope going forward.

Although no one wants to go through a bankruptcy, our clients usually tell us that it was easier than they thought.

That they feel dramatically better for going through the process and removing the debt issues from their lives.