The average millionaire goes bankrupt 3.5 times in their life. If you have gotten yourself into a financial hole you cannot get out of, you might want to consider bankruptcy. Businesses fail, people get sick, layoffs happen, and mistakes are made. A bankruptcy will give you a fresh start in life to try again.
A common regret among bankruptcy clients is,"I wish I had done it sooner."
Chapter 7 Bankruptcy
Chapter 7 is commonly called a liquidation, and it allows a discharge of many common debts. There is also the choice of Federal or State exemptions. For example, a married couple can protect $120,000 of the equity in their home through a Chapter 7 Bankruptcy. Many times a car loan can be preserved through the process, meaning if you can keep making the payments, you can keep the car.
Call me to learn if bankruptcy is right for you.
Take Back Control of Your Life
The bankruptcy process is designed to be a bit of a hassled, but the rewards are almost always life changing. Imagine yourself debt free and able to concentrate on what is really important in your life. You could help your kids go to college, or give them a leg up with their first home. If things have not gone as you expected financially, you owe it to yourself and your loved ones to explore the possibility of taking back control of your life.
The bankruptcy process is designed to be a bit of a hassled, but the rewards are almost always life changing.
Debt collectors are purposely annoying and can make you dread the ring of the phone. Letters demanding payment and mounting interest can make your life hell. The Federal Government had designed bankruptcy to help those who are in a hole. If you do not see your life improving because of mistakes or a job loss, there are options. A bankruptcy lawyer can help.
Call me to learn about what bankruptcy can do for you.