What is Fresh Financial Start?

By: Robert J. Nahoum

A man in suit and tie with his arms crossed.


You, like so many others, have fallen behind on bills.  Whether you lost your job, got cut back on shifts or just can’t make due, it doesn’t matter what got you here, you need a way out from under and bankruptcy may be the solution for you.


A fundamental goal of bankruptcy is to give debtors a financial “fresh start” from burdensome debts.  As has been said, bankruptcy gives the honest but unfortunate debtor a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.

This goal of a “fresh start†is achieved through the bankruptcy discharge, which releases debtors from personal liability for specific debts and prohibits creditors from taking any action against the debtor to collect those debts.

While most debts are discharged in a chapter 7 bankruptcy case, some are not.  Debts not discharged include debts for alimony and child support, certain taxes and student loans. The debtor will continue to be liable for these types of debts.

Individual debtors receive a discharge in 99 percent of chapter 7 cases and the bankruptcy court will usually issue a discharge within 60 to 90 days after filing for bankruptcy.


If your bills and debts have become more than you can handle, you may be eligible to receive a fresh financial start through a chapter 7 bankruptcy discharge.  If you have questions or concerns about how to receive a financial fresh start through bankruptcy, we urge you to contact The Law Offices of Robert J. Nahoum, P.C. today by calling 845-232-0202.

This Law Offices of Robert J. Nahoum, P.C. is a Debt Relief Agency. We assist individuals in New York and New Jersey to become debt free through Bankruptcy.

The Law Offices of Robert J. Nahoum, P.C
(845) 232-0202