"How are we going to survive?" this is a question that many people are asking themselves. The economy in a bad recession, job losses, divorces, declining sales, salary cuts and other factors are making it harder and harder to dig ourselves out of debt. To make matters worse, credit card companies are charging higher and higher interest rates so that our minimum payments are going up but most of that money only pays off the monthly finance charges. Making ends meet is becoming harder and harder and the scary reality is that many people are losing. Evictions, court litigation and other hardships are becoming commonplace.
To make matters even worse, there are many scam artists who prey on people while they are in this vulnerable position. They advertise big promises of "debt consolidation" and other tricks but often times leave their victims in a worse position and with even greater debt.
The personal toll that this situation can take on any person or family is great. Large amounts of emotional and mental anxiety around how to maintain and improve your financial situation can have impacts on all aspects of your life. This added to the physical exhaustion that many people feel due to the fact that they are working non-stop just to maintain themselves.
Unfortunately, many people do not realize how filing for bankruptcy can help. The banking industry has scared many people by spreading unfounded rumors that filing for bankruptcy will ruin your life and your credit history. Actually, it's the opposite, the facts are that for most people their credit score is higher one year after declaring bankruptcy. And without all this debt holding you hostage, the heavy burden lifted from your shoulders, you can free up some time to spend with friends and family and improve all aspects of your life.
Through the Bankruptcy process the United States government "discharges" your debt. That means that you no longer owe any money to your creditors. Once you debt is discharged your current creditors can never again try to collect money from you. You will have a clean slate and you can begin to build a good credit history. You can start all over again, this time with the knowledge, wisdom and experience of being in debt.
But even before your debt is discharged, which is usually a four month process, there is an "automatic stay" issued from the United States government which prevents your creditors from attempting to collect on any debts you owe. This stay is issued immediately at the time of filing of your bankruptcy paperwork with the court. This way you can begin to steady your financial position as soon as we file the paperwork. No need to send in minimum payments on any of your credit cards, stop the harassing phone calls, stop the forced collection of your wages. The relief is immediate!
Don't delay. People always wait till the last minute before they reach out for help. Instead of suffering for months or years trying to cut down a debt that never seems to go away and then filing for Bankruptcy. You can file for Bankruptcy TODAY and restart you life today.
In a chapter 7 bankruptcy, we submit to the court all the information on how much you owe to creditors. We show the court what your current income is and what your current expenses are. Once the court sees that you don't have enough income to meet your current expenses and pay off the credit cards, they will discharge your debt. While the idea is simple, the process is complicated by the laws that guide the court. Having a qualified, experience lawyer submit the paperwork for you is the surest way to get your debt cleared and to start your financial life over again. So don't wait another minute, call us to schedule a consultation so that we can discuss your bankruptcy.
