Some people are saying that our economy is getting better, but has your financial situation improved? If you did not receive a big bonus this year you may still be working hard to catch up on your debt. And, if you’re like many people, it can be hard to avoid going further into debt and impossible to catch up. When your credit card statement shows that minimum monthly payments will repay your loan in 80 years, you should think about other options.
Chapter 7 bankruptcy can be a great way to eliminate unsecured debt. Credit card debt, medical debt, and even personal loans that are not secured by your home or personal property are ordinarily unsecured. Many, if not all, of these types of debt can be discharged in bankruptcy.
Bankruptcy is intended to provide a fresh start for those who are oppressed by unrelenting debt. Once your debt has been discharged, you can manage your finances and start preparing for your future. If you do not like the prospect of paying for the next 80 years for items that you already have, you may want to consider the bankruptcy option.
Bankruptcy is what we do, and if you are interested, we would like to talk to you about your options. If it is a good option for you, we would be delighted to file your bankruptcy petition. Please call our office for a free initial consultation.
