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How Can Bankruptcy Change My Life?

How Can Bankruptcy Change My LifeFiling for bankruptcy is a major step for individuals to take.  While there’s a lot of myths and misinformation about the effects of bankruptcy, I’ve seen that it change the lives of my clients for the better.


For example, Elena K’s was receiving call after call from debt buyers such as Asset Acceptance, Midland Funding and Portfolio Recovery.  These companies were doing what they do best: charging interest and fees and aggressively attempting to collect the debt. One of the creditors even went so far as to hire Malen & Associates from Westbury to sue her, while another creditor obtained a judgment with the New York City Marshal Bruce Kemp. Confronted with creditor calls and a garnishment, Elena’s life was as stressful as it could get.

 The married mother of two was worried how much her life would change if she filed for bankruptcy. Her son needed a speech therapist and her daughter loved gymnastics. She wondered if bankruptcy court force them to stop those activities.

When she met with the attorneys at Doyaga & Schaefer, her fears were addressed. Elena learned that bankruptcy doesn’t mean you need to radically change your life style, and that her children didn’t need to go without tutors or gymnastics. Bankruptcy is meant to discharge your debt, alleviate the stress of collections and put you on a path to succeed and enjoy life.


The team at Doyaga & Schaefer evaluated Elena’s income.  She worked in the medical field and her husband drove a limo. Together they made a good living. By filing for bankruptcy, they stopped the garnishment and discharged all their credit card debt.  


The best part of bankruptcy, however, was that their children never needed to learn about their parent’s struggle with debt buyers.  Elena felt going to bankruptcy court in Brooklyn gave her freedom back, and she and her husband are now working hard at their jobs and hope to make more money in the future. With the bills behind them, they dream of owning a home one day, Elena is confident they can do it. 


Every situation is different, but bankruptcy can change many lives for the better. If you’re receiving calls and letters from debt buys such as Asset Acceptance, Midland Funding or Portfolio Recovery, contact us today for a free consultation to see how we can help you.

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