As the control over your finances slips further and further from your grasp, you know that something must be done, but you may not know the best path to take. With an unsettling pit in your stomach one option that may be on your mind is reaching out to learn your options.
With the stagnation of the U.S. economy, many Americans have been left in a position where the money they make is no longer enough to cover the bills they have to pay. When this happens, Chapter 7 bankruptcy may be an option for you. Here are a few examples of when you should reach out to a lawyer.
- You are facing foreclosure. If you have received foreclosure notices and know that the risk of losing your home is very real, bankruptcy can in many cases help save you from foreclosure and help you get your bills under control.
- You are living off credit cards to get by. Credit card debt can add up quickly, especially when you are using it as a substitute for cash. Bankruptcy can help wash away credit card obligations and other unsecured debt so you can start living away from the burden of interest rates and monthly statements.
- You are receiving harassing phone calls from creditors. When the phone rings off the hook from people who are looking for money, working with a lawyer and your bankruptcy filing can stop the calls immediately. Instead, creditors will be required to reach out to your lawyer instead of harassing you asking for money.
- You have received a lawsuit you cannot pay. Lawsuits are costly and unexpected. When they hit you, you are left in a state of shock and uncertainty of how you will be able to pay. Filing for chapter 7 bankruptcy may help you overcome the financial devastation a lawsuit can deliver.
If you are facing any of these situations, or any other feeling of being out of control of your personal finances, call us today at 816-842-6200 to speak with an attorney. Or you can email us and schedule your free consultation.