Hello, my name is Marcy. I would like to talk to you about the various ways bankruptcy attorneys help you eliminate debt. My attorney helped me find all of the creditors that I needed to pay back. I was astounded at the number of creditors listed on the bankruptcy. Fortunately, my bankruptcy attorney assured me that my case was completely normal and possible to discharge through the court process. I hope to use this site to reassure others about their debt situation. I will share information about bankruptcy attorney services in an effort to help others tackle this difficult problem.
Making the decision to file bankruptcy is never easy. After all, having to file bankruptcy means times have been financially tough for you. But sometimes, bankruptcy seems to be the only option that makes sense and will get you out from under the pile of crushing debt. You shouldn't feel bad about filing bankruptcy, either. It does not mean you are a bad person. It is a legal means to alleviate a hopeless debt situation that you have no chance, short of winning the lottery, to fix. Here are three life situations that may make a Chapter 7 bankruptcy the right answer for you.
You Have A Lot Of Medical Bills An unexpected illness or accident, particularly if you don't have insurance, can financially destroy even the most solvent bank account. Even with insurance, the portion of the debt you end up being responsible for can far exceed your ability to pay. Treating injuries or a major disease such as cancer can literally cost a fortune and bury you. When you are busy recovering, the last thing you need to worry about is endless phone calls from bill collectors and wondering how you will ever pay the bills off.
You Are An Older Adult If you are middle-aged, the clock is ticking and retirement is closer than you think. Pensions and retirement benefits used to be a given, but that isn't so anymore. Many people have worked in low paying occupations that didn't offer benefits, particularly women who were busy raising their families. Even eventually getting the money you have paid into the federal government's social security system your entire working life isn't necessarily a guarantee anymore. If you do finally qualify, with inflation exceeding far faster than most people's earning ability, the amount you are entitled to may not be nearly enough to survive. Many experts recommend filing bankruptcy rather than trying to pay down your debt and then using that money to invest in and protect your future instead.
You Own Your Home If you have creditors threatening to take you to court, your wages could be garnished or even a lien placed against your home, which means you could potentially lose it. If your total debt far outweighs your earning capacity, or if you can barely support your family as it is, let alone having an additional 25 percent deducted from your paycheck, bankruptcy is a good idea. You can't afford to lose your home or get even further behind. If the stress of dealing with overwhelming debt is taking its toll on your emotional health, consult a bankruptcy attorney such as those found at Shoemaker & Dart P.S. Inc immediately. They will be able to help you determine what the right course of action is for your situation.