What Are Advantages of Filing Personal Bankruptcy?
Life can become so stressful and overwhelming that it's difficult to know where to begin. Your days are spent juggling a million tasks and responsibilities. Things never seem to get done, and obligations continue to mount. It is time to ask, "What are the benefits of filing for bankruptcy?" It's a good start. There can be no solution unless you confront the issue. You're only one step away from a meltdown if you don't realize it's time to act. But first, what should you do? We'll answer the question, "What are the advantages of filing for bankruptcy?" Let's talk about certain benefits of filing for personal bankruptcy in Alberta when you recognize you have no other possibilities. Activating the 'Automatic Stay' It is the first and most important benefit because the real threat - debt collectors - has been eliminated. The Bankruptcy & Insolvency Act prohibits anyone from pursuing you or your money, which m