Many potential bankruptcy clients schedule initial consultations because they have felt overwhelmed by debt problems for a long time. Generally, they have tried just about everything they know of to fix their financial issues and call my Asheville bankruptcy law office as a last resort. They’ve been struggling to make minimum payments on credit card bills, fallen behind on their mortgage or car payments, or been borrowing more money to try and keep their monthly payments current. If you are in this situation, it is critical to become informed about your rights as soon as possible. Because free help is available, cost you should not be a factor in seeking professional help.
One of the great things about my job is I get to explain what type of debt relief is available, and frequently a consumer’s financial options are much better than they had been imagining all along. Debt relief, asset protection, and a financial “fresh start” are all promised by the Bankruptcy Code in exchange for completely and honestly disclosing the details of your financial decision. That’s the bankruptcy bargain. If you have nothing to hide and are feeling financial stress, you should spend an hour of time with a professional to gain an understanding of your rights and your creditors’ rights.
The best bankruptcy cases provide a spark which can help consumers break out of old cycles of just trying to “make ends meet.” Instead of spending hard earned money for interest on old debts, that same money can be used to fund emergency savings accounts, paying down principal on secured debts, investing in college savings accounts for children, or funding retirement accounts. The point is to use household income to build a better financial future instead of paying interest on old debts from years ago to stay afloat.
Maybe the trouble started when hours were cut at work, or when a marriage failed. Looking back, perhaps a medical condition or bad luck timing the housing market led to the persistent budget problems. Maybe it was poor spending choices. Whatever the issue, if you are feeling financial stress, it is important to become informed about your best financial options moving forward as soon as possible. Options are generally better for consumers if they consult with a professional as soon as they begin to feel financial stress. If you are ready to know your options, I would be pleased to speak with you during a free, initial bankruptcy consultation.