Everyone is struggling with an economy that has been unforgiving and ruthless in the past few years. Troubles are sweeping over the family unit and many people are finding that they no longer know what to do to fix their problem. Many have lost their jobs and it has left them with no financial resources to tap into. A chapter 7 bankruptcy may be an avenue that will help you clear your debt and get back on your feet.
There are many people walking around our communities in a total panic, as they are at a loss of what to do. They have no control over their finances, which is connected to all the other issues in their lives. If you are fortunate enough to still have your job, you may have felt the effects with cuts in hours and in pay. Living on a set income can be devastating if that income is no longer coming in.
Once you begin to get behind, creditors start doing their jobs with consistent phone calls and letters that promise further action. If your income has been cut and you are not bringing in the money that you once did, it is pretty obvious that many of those bills will go unpaid.
Attorneys know what you are going through. They have helped many people pick themselves up and take care of a mess that is out of control and start all over again. At this point, many people find themselves hiding from phone calls and knocks at the door. This is obviously no way to exist and frankly, you deserve better than that.
A lawyer will provide support, advice and information pertaining to filing and accomplishing this task. Worrying about how this will effect your credit should not be a concern as it is probably in bad shape at this point anyway. Starting over with a clean slate will help you financially and emotionally and you will find that you will be rebuilding your credit in no time.
Filing for chapter 7 bankruptcy can wipe out most of your debt and provide a new start for yourself and your family. Talking to an attorney would be the first step to take as he can inform you of your rights under the law.