When you file for bankruptcy, your creditors will likely have to forgive some of the debt that you incurred. This might trouble you; however, you should remember that it is better for them to know now that they won't get that money than to leave it on the books. You are being financially responsible by admitting that you are in over your head.
We know that sometime there are events that lead to financial difficulties. Unexpected illnesses can lead to time off work and costly medical bills. These two factors, combined with normal bills, can create a perfect storm that decimates your finances.
For other people, an unexpected job loss or similar event starts the chain of events that has a negative impact on your finances. No matter what uncontrollable thing happens, you have to find a way to recover from it. Filing for bankruptcy might be the best option since it gives you a fresh financial start.
Once you decide that you are going to file for bankruptcy, you need to find out which chapter to use. This decision is made on a case-by-case basis. We can look into your circumstances and let you know how each option might impact you. We can then file the petition to get the process started.
While your case is moving through the bankruptcy court, you can work on shoring up your financial awareness. The tips and techniques you learn now can help you as you work to rebuild once the bankruptcy is discharged. We will be here to assist you during the process.