It is imperative that anyone who is considering filing for bankruptcy takes the time to think carefully about what it means to file. There are several ways that this can impact your life now and into the future. One of the most important to many people is that the filing temporarily halts the ability of your creditors to try to collect the balances on your accounts. This is because the court issues an automatic stay when you file for this type of financial relief.
Is debt settlement a good alternative to bankruptcy?
Bankruptcy is not something most people embrace enthusiastically. Along with financial consequences, it comes with a social stigma and many myths that can make you hesitant to file even though you are swimming in debt. Perhaps you are considering alternative forms of debt relief.
The path to Social Security Disability benefits isn't easy
We understand that many people can't even begin to think about having to deal with the various aspects of the Social Security Disability application process -- and they want it to be over quickly. Unfortunately, unless you qualify for a compassionate allowance, you aren't going to be able to rush through the process. It can actually take a long time to gain an approval, so you should try to make plans for your finances in the interim.
