When to Consider Bankruptcy for Debt Relief
If you knew of a safe, reliable method to achieve financial independence, you wouldn't hesitate to use it, right? I didn't think so. Yet potentially millions of Americans have access to a surefire way to free themselves from debt - and they refuse to consider it. I'm referring to bankruptcy.
Bankruptcy is your right as a U.S. citizen. It legally stops creditor actions like foreclosure and repossession. It offers an affordable method of paying off non-mortgage obligations like credit card, medical and IRS debts while freeing up money to pay for your other bills, including your mortgage. What's not to like?
However, many folks treat bankruptcy as a last resort rather than a valid option, worrying that it will damage their credit, prove too difficult to navigate or be viewed as taking the easy way out.
But if you're drowning in debt, it's time to face the facts.
Are you worried about bankruptcy appearing on your credit report? Ask yourself how your credit is faring right now. If you're struggling to pay the bills, exceeding your credit limit or regularly making just the minimum payment on your balance, chances are it's not doing too well. And if you continue to add to your debt, your credit is only going to get worse.
Bankruptcy is a surefire way to relieve debt and free up cash so you can focus on rebuilding your credit - and your bank account. Of course, it's no quick fix. Paying off debts with a bankruptcy plan can take months, even years. But unlike scams or do-it-yourself options, this plan actually works.
And as for the worry that bankruptcy is too complicated, know that you don't have to be an expert to file. When you schedule a free personal debt analysis, one of our professional Atlanta bankruptcy attorneys can identify a bankruptcy plan that works for your individual financial situation. No obligations, no hidden costs - just information about how you can get a fresh financial start. Don't wait until you run out of options when the best option - bankruptcy - is right under your nose.