People that are overwhelmed with massive debt are usually under tremendous stress. So why is it that people tend to struggle with the decision to file bankruptcy often for many months or even years before taking action? Many individuals feel that filing bankruptcy is a mark of shame and a failure on their part. Most people genuinely want to do the right thing and pay their debts back. When they finally realize that they are unable to repay their debt, they tend to beat themselves up and really take it personally. The stress and emotional turmoil that these individuals are under can be detrimental not only to their personal relationships with family and friends, but it can be damaging to their own health as well.
Atlanta Bankruptcy Lawyer, Declaring Bankruptcy, Bankruptcy Lawyer Salary,
There is no question that filing for bankruptcy can be a very emotional decision, but the decision to bury one's head in the sand and avoid the obvious problem is even worse. Dealing with aggressive debt collectors constantly calling and making threats is no way to live. The fear of impending lawsuits, judgments, wage garnishments, or foreclosure can be physically and mentally exhausting. The creditors intimidate people into making payments even when they can't afford it by telling the debtor that they will never receive credit again, their credit will be ruined if they file bankruptcy, or that they are a bad person that is just trying to get out of paying their bills. None of this is true. First of all, debtors will receive offers for credit usually within months of receiving their bankruptcy discharge. With careful budgeting and rebuilding their credit, debtors will be able to purchase a car or a home post bankruptcy. Next, bankruptcy does stay on one's credit report for up to 10 years, however, usually by the time an individual is considering a bankruptcy filing their credit is already shot due to numerous late and missed payments. With a little financial planning the individual can rebuild a solid credit history post bankruptcy filing. Lastly, most people that file for bankruptcy are not trying to get out of their financial obligations by filing bankruptcy. Most people that file bankruptcy have experienced a job loss, divorce, major medical problem or illness, or some other unexpected circumstance that threw them into a financial tailspin. The bottom line is, if someone is experiencing undue stress or medical problems due to their mounting debt, they should seek a consultation with an experienced bankruptcy attorney to determine if filing bankruptcy is right for them. Why wait to get back on the road to physical and mental health as well as financial recovery when there is a feasible way out.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of San Diego Bankruptcy Lawyers
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment