The most recent iteration of the Federal Emergency Management Agency’s flood maps detailed a drastic reduction in V zones for Monmouth, Ocean, Atlantic, and Hudson counties. Structures in V zones are more likely to face high breaking waves, and therefore must be built on pilings at higher elevations.

While this may be welcome news to those who will not be required to make expensive modifications in the rebuilding process, not everyone is so fortunate. Many who have barely weathered Sandy’s wake to this point have faced too many storm-related expenses to rebuild at all.

The devastation Sandy wrought approached the unimaginable. Many citizens remain homeless after last October’s hurricane. Tragically, the loss of homes, businesses, and property were only the beginning of the story. Many also lost their lives.

For those whose Sandy-related property damage, medical bills, and other expenses preclude the financial possibility of repayment, there is hope. Personal bankruptcy may be able to provide the fresh start you need to truly get back on your feet.

Filing for Chapter 7 personal bankruptcy offers several advantages to those who were financially impacted by hurricane Sandy. For example, it is possible to halt wage garnishment, prevent creditor harassment, secure mortgage modifications and discharge overwhelming debts.

If you are struggling in the aftermath of hurricane Sandy and need a fresh financial start, filing for Chapter 7 bankruptcy may be a good option. It is possible to wipe your financial slate clean and start anew. Of course, every person’s financial situation is different, so an experienced bankruptcy attorney can aid people who are considering bankruptcy.

Source: The Star-Ledger, “4 N.J. counties see drastic changes in revised flood maps,” Eugene Paik, June 18, 2013