The reasons why someone might consider bankruptcy can vary greatly. The point that matters in all of these cases is that they realized that they were in debt way over what they could reasonably handle. In this case, using bankruptcy is a responsible thing to do.
We know that many people who file for bankruptcy might not feel all that responsible. It is important to realize that almost all bankruptcy cases stem from something that wasn't in the filer's control.
If you are in debt because of a job loss or declining health, bankruptcy might actually be the best option. In these cases, you might not have been worried about your debts at all since you were able to cover the payments. When you lose your job or have to miss time, the payments might become overwhelming.
No matter what the circumstances behind your current financial situation are, we want you to know that we are here to help, not to judge. We will help you learn about the options that you have that might help you regain control of your finances.
For many people who file bankruptcy, the benefits are immediately noticeable. Most debt collectors can't call you constantly because of the automatic stay. This means that you can answer your phone without having to stress about how is on the other end. It also means that you can start to enjoy life.
Bankruptcy isn't an easy way out of debt. In fact, there are certain things that you have to do to have your debts discharged. This includes taking financial literacy courses and going through credit counseling. We can help you to learn about these requirements.