It is time for people to start thinking about the financial state they want to have in the new year. One thing that isn't conducive to a good financial future is having a lot of debt. If you are swimming in debt and can only make the minimum payments or less than that each month, you might need to file for bankruptcy.
We know that this is a big step for you. There might be some questions that come up in the process. We are here to help you sort through these, so you can have an accurate account of what is going to happen and what the process will be like. We also want you to learn how the bankruptcy might impact you in the future.
There are many things that you might benefit from in a bankruptcy. One of the more obvious and immediate is the automatic stay. This means that creditors can't contact you in an effort to collect debts. In the long term, the relief from the debts can mean the difference between a monthly struggle and the ability to live a bit more comfortably.
Of course, you will still need to live within your means. You can't overdo things just because you are being relieved of the debt. For one thing, you won't have immediate access to credit, so you will have to be careful about how you spend your money. Setting up a budget can help with this since you can assign every dollar you earn a specific purpose. We can help you get the bankruptcy filed right away, so you can get the process started.