4 Reasons Bankruptcy is Positive | The Law Offices of Thomas J. Orr

4 Reasons Bankruptcy is Positive

4 Reasons Bankruptcy is Positive

A positive attitude can be difficult when filing for bankruptcy, but it can be helpful during and after your bankruptcy has been discharged. You likely feel overwhelmed and are concerned about the perceived negative connotations about bankruptcy. You are not alone. I am here to help guide you through the bankruptcy process.

I have put together a list of ways that bankruptcy can be positive. This will help you know that there is light at the end of the tunnel.

A Fresh Start:

Bankruptcy is a fresh start. Bankruptcy is all about second chances. Anxiety about debt is overwhelming. The fresh start will let you sleep better and breathe easier. There is life after bankruptcy and it starts here. I am here to help you realize that you can overcome your debt.

No More Phone Calls:

The constant phone calls from creditors can make you dread answering the phone. The good news is that when you file for bankruptcy you are legally protected from creditors. They will no longer be allowed to contact you via the phone and mail.

Stalled Foreclosure:

If you are facing foreclosure on your home, the good news is that once bankruptcy has been declared any proceedings will be stalled. This may give you the extra time you need to catch up on mortgage payments, or modify the mortgage. The bankruptcy has a loss mitigation program to assist homeowners.

Discharge Debt:

When you file for bankruptcy most of your debts will be discharged. Debts that can’t be discharged include taxes less than three years old, child support, alimony, and student loans. It is important for you to list all of your debt so that any eligible item will be discharged. Even non-dischargeable debt can be paid through a Chapter 13 bankruptcy plan.

Filing for bankruptcy has a number of positive aspects as shown above. There is life after bankruptcy and it starts here! Contact me today to get a free consultation.


Hundreds of thousands of Americans, including consumers and business owners, file for bankruptcy each year. While many think this situation is the result of overspending, most cases are due to financial hardship such as job loss, costly medical bills, divorce, or a poor economy.


I’ve been practicing bankruptcy law in Burlington, New Jersey for over 33 years. With just one location, I can focus exclusively on helping my clients make their way not only through bankruptcy, but well past it. We will work together to explore all of your options and determine if bankruptcy is the right choice for you. The goal is to get you on the path to a new beginning.


If you’re losing sleep, feeling scared or even embarrassed, let’s talk. There is life after bankruptcy and it starts here. My offices are located in downtown Burlington, near the Riverline train stop. I provide Saturday and evening hours as needed. I offer payment arrangements to fit your budget. Contact my office today at ​​609-386-8700.


Start your path towards a new financial beginning. Contact our offices today!
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