When you are laid off from work, suffer a serious medical issue or have another life catastrophe, your finances might suffer. Bills that were once routinely paid might be impossible to afford now. You may have to choose between paying a bill or buying groceries for dinner. This isn't a good place for anyone to be in, so it is imperative that you take steps to shore up your finances so you don't suffer a lifetime of problems because of your current money situation.
One option that you have is to file for bankruptcy. This could be the answer to the financial troubles and would provide you with a fresh fiscal start. While many people think that bankruptcy is an easy way out, the reality is the exact opposite. You have to go through financial education options and plan for what life will be like on a very tight budget after you file your petition.
We know that this isn't an easy decision for you, but we are here to help you throughout the matter so that you can move forward with the knowledge that you won't hear from these creditors now. Part of the consequences of filing a petition for Chapter 7 bankruptcy include that your creditors can't collect what they owe. This means the pushy collectors and demanding letters will cease.
When you choose to file bankruptcy, you have some specific rights and duties, so make sure that you remember this. We are here to help you review the options that you have for financial relief. Once you decide on one, we are here to help you through the process.