Debt isn't a pleasant place to live. While it is possible to carry a credit card balance and still be able to enjoy life, there are some instances in which this just isn't possible. The beginning of the year is one time when many people come to realize just how difficult things have gotten with their finances. If you come to realize this in the upcoming weeks, you should know that you do have options to deal with the overwhelming debt.
There are several things that filing for bankruptcy can do for you. First, you will have relief from the financial hardship that the debts have caused in your life. You might also have some relief from the stress of answering your phone because when you file for bankruptcy, you have the protection of an automatic stay. The automatic stay prevents creditors from contacting you regarding the debts.
Many people don't realize that there is a vicious cycle that can make life very difficult. Sometimes, credit card debt comes as a result of having to cover life's expenses because of an unexpected injury or illness. Just when you think you are getting back on your feet, medical bills start coming in. This stretches your budget, which might make you turn back to credit cards. Then, the cycle will just keep on with you getting more and more into debt.
We recognize that you might feel bad about not being able to pay your bills. Filing for bankruptcy usually isn't anyone's first choice. You should remember that bankruptcy is a tool for people who want to recover financially. Consider the effects of filing and then make your decision. We are here to help you file if that is what you decide.