What do these bankruptcy guys mean by "Fresh Start"?

"Get a Fresh Start with Bankruptcy". "Its your Fresh Start!" etc etc.  Go to just about any bankruptcy site, ad, or commercial and you are sure to be hit with the words "fresh start" within the first 30 seconds! I have been practicing bankruptcy law for more than 15 years and the buzz words stay the same. I have no idea who coined the phrase but it sure sounds nice, especially if you are being sold on bankruptcy. Not that its a bad thing, you really to get your fresh start in Chapter 7. What it means is that once your debt is wiped out (or "discharged"), your financial slate is wiped clean. You don't have to continue to be bogged down by all of your old bills that have been hanging onto you forever, causing you to lose sleep at night. The debt that you incur (responsibly) after your bankruptcy is all fresh debt- shiny and new! Past financial woes are in the past and you get to start over. We deserve second chances. 

Sound simple? It is and it isn't. Bankruptcy is not for everyone but for the people it can help, it can represent true freedom and a chance to begin anew. If you live in the Chicago area and are wondering if you can get the famous fresh start, call O'Connor Cadiz Law at 630 250-8813 to find out how we may be able to help you. 

Carol O'Connor Cadiz
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Attorney & Owner at O'Connor Cadiz Law: Bankruptcy, Injury, Real Estate & Mediation