Home » Practice Areas » Bankruptcy Benefits


If you are struggling with an enormous amount of consumer debt, you may be too overwhelmed to think clearly about your options. Every new bill, collection letter, or phone call from a creditor just adds to the stress of trying to make ends meet. You may have considered bankruptcy, but will it really solve these constant financial problems and stress?

The answer is yes. Filing for bankruptcy can give you peace of mind so you can put your energy into getting a fresh start, catching up on your monthly payments, and improving your credit report. At Eric M. Wilson, LLC, we focus exclusively on helping clients in Tuscaloosa, Alabama explore their debt relief options and achieve a life of financial freedom.

bankruptcy benefits

How Filing for Bankruptcy Can Help You

Filing bankruptcy comes with countless benefits. Both Chapter 7 and Chapter 13 bankruptcy can:

  • Stop foreclosure on your home.
  • Eliminate unsecured debts such as credit card debt, medical debt, and personal loans (AKA dischargeable debt).
  • Stop all creditor harassment and collection efforts through the implementation of an automatic stay.
  • Reduce or get rid of high-interest rates and late fees for overdue payments through refinancing.
  • Stop wage garnishment, which is debt collection directly from your paychecks.
  • Stop repossession of certain assets such as your vehicle(s), gun(s), and other secured items.
  • Lower payments on most secured debt.
  • Help repay tax debts.
  • Protect your property from seizure or selling by creditors.
  • Give you a fresh financial start.

The experienced legal team at Eric Wilson Law LLC will walk you through the entire bankruptcy process. As your advocate, our attorney will also negotiate with creditors and debt collectors on your behalf so that you can have peace in making the right solution.

What Existing Debts Can Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Discharge?

The biggest benefit of filing for bankruptcy is debt relief. It’s true that a personal bankruptcy petition can get rid of most unsecured and secured debts, including:

  • A home mortgage or car loan as long as there is no reaffirmation agreement
  • Medical bills
  • Credit card debt
  • Utility bills
  • Personal loans
  • Phone bills

In most cases, a bankruptcy filing won’t discharge private student loans, tax debts, child support payments, or alimony payments.

Depending on the chapter of bankruptcy you file, you’ll pay off these debts either through a repayment plan or through selling valuable assets. If you’re unsure which chapter is best for you and your financial situation, no worries. Bankruptcy attorney Eric Wilson will advise you on which chapter would benefit you the most.

bankruptcy benefits


Eric Wilson Law LLC is not just another name, number, and fee. We are a top-notch debt relief agency with extensive knowledge of the federal bankruptcy code and Alabama bankruptcy law.

Our law firm takes time to listen to your financial situation and concerns. We’ll help you understand how the bankruptcy advantages outweigh the disadvantages. Additionally, our Tuscaloosa debt relief agency will help you make informed decisions about how to protect your future finances. In all things, our lawyer and staff work efficiently to help you obtain the bankruptcy protection you need.

Call today at 205-349-1280 for a FREE Consultation with an Alabama bankruptcy attorney from Eric Wilson Law, LLC. Our legal services have allowed many debtors across the state of Alabama to achieve the fresh start that they deserve.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Eric Wilson Law