A LOT of people end up filing bankruptcy when they get to the point of feeling hopeless about their financial problems. Despite what others may think, there is no shame in needing a second chance to secure your financial future. Bad things can happen to good people as the saying goes. Sometimes, people simply make poor financial decisions, and the result is that they find themselves stuck in a financial morass.
The purpose of the bankruptcy laws is to legally give people that second chance that they badly need to put their debt problems behind them once and for all. Anyone who has fallen behind in debt payments understands the stress of dealing with relentless bill collectors who simply will not stop until they get their money. These are the professionals hired by the creditors who threaten and make you feel like a criminal. They spend all their time sending collection notices, making collection calls, filing lawsuits and garnishing debtors’ wages. When these types of collection tactics accelerate, the misery they create can be devastating. This impacts not only your finances, but it can also affect your work and your relationships.
So for many people, the decision to file bankruptcy is initially one of desperation. But once you understand the legal process and realize that things are not really as bad as you first thought, the first glimmer of hope is felt. Once the bankruptcy case is filed and all creditors are notified, the hope takes hold and the feeling becomes one of immediate relief. With the filing comes an instant cessation of all collection efforts enabling you to finally breathe and live a normal life again. If you are in debt and feeling depressed about your situation, this is exactly what you need, isn’t it?
If you see yourself in this scenario, then it is time to consult with a bankruptcy attorney who understands the complexities of the law and advise you on how you can protect everything you’ve worked so hard for, while getting out of debt in the shortest time possible. In some cases, filing for Chapter 7 to wipe out your debts may be advisable so that you can get a fresh financial start right away and start rebuilding your credit. In other cases, it may be necessary to file for Chapter 13 to stop foreclosure and save your home or simply to consolidate all your bills into one affordable monthly payment. Either way, filing for bankruptcy relief is a powerful means of solving debt burdens that you have incurred for a variety of reasons.
Remember that bankruptcy is for honest people who have made honest mistakes. Life’s not perfect and neither are you. In a lot of situations, the debt is the result of unforeseen circumstances. If bankruptcy is in fact the best solution for your situation, the first thing you will discover is that hope can be restored in your life. Everyone deserves a second chance in life!
Call toll-free 1-866-477-7772 to schedule a free and confidential consultation. We have offices in Glendale, Cerritos, West Covina and Valencia.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped over 4,000 clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1-866-477-7772.
