An unpredicted illness can lead to large medical bills which are tough to repay. Individuals often become overwhelmed with unexpected interest credit card debt that is not easy to manage. Or an unpredicted decline in income can lead to large credit card debt that you are unable to pay.
Things alter in life and sporadically we face misfortune. All sorts of bankruptcy are intended to give you the new start you deserve and allow you to take control of your financial position by living your life free from debt. Many people end up declaring bankruptcy as a result of situations that were not in their control. People try to escape bankruptcy but they don’t realize that it can actually hurt them in many situations. If you’re considering declaring bankruptcy, you’ll want to look into all the options available to you and get the help you need to make a smart choice. Consider the following questions:
• Are you behind on car installments?
• Are you being sued by a creditor?
• Are you worried your paychecks will probably be garnished?
• Are you worried that creditors will take hold of your bank account or your tax refund?
• Do you want a fresh start?
• Are you behind on your house payments?
• Is your home facing foreclosure?
• Are you using one credit card to pay for another credit card?
• Are they threatening to repossess your car or truck?
• Do you want to find a new life?
The credit card business is making billions of dollars off high interest credit card debt. The credit card business also creates many complications for customers by repeatedly sending them additional charge cards with higher limits. There are numerous different choices open to clients seeking help with debt. Bankruptcy law can be extremely multipart. You’ll want to invest time to comprehend all your choices prior to you making a decision and find the path that would be best for you. Definitely do some research on all the advantages and disadvantages of bankruptcy. It’s also advisable to discuss alternatives to bankruptcy if you decide that another course of action would better fit your wishes.
Do I Qualify for Personal bankruptcy? Listed below are basic guidelines for bankruptcy:
1) You first must take an economic counseling course that is authorized by the court.
2) Is your current monthly income more than the median income?
• If the answer is yes you will ought to file a chapter 13 bankruptcy.
• If your answer is no you will need to file a chapter 7 bankruptcy.
3) In both cases you will need to take an approved Credit Counseling Course to acquire a discharge from your bankruptcy.
When the above complications are consistent occurrences, you’ll want to acquire more information about what filing an individual bankruptcy can do to assist you. You will discover bankruptcy laws intended to help you; seeking expert advice from bankruptcy attorney can help.
Laura Kaiser is a technical writer for Fife & Cesta bankruptcy lawyers in Mesa Arizona. The bankruptcy attorneys of The Law Offices of Fife & Cesta are dedicated to providing effective, high quality chapter 7 and 13 bankruptcy in Mesa, AZ. Although qualified to provide a variety of legal services, we focus primarily on Mesa bankruptcy. At Fife & Cesta, you will work with your individual attorney. You deserve to have a mesa bankruptcy lawyer you can talk to and ask questions; lawyers who will return your calls and help you make choices about your bankruptcy. Contact our bankruptcy attorney today to schedule your free consultation.