Financial Problems Got You Feeling Drained?
How Chapter 7 Bankruptcy Provides a Boost in the Form of a Fresh Start
In this section of Chapter7.Me, you will learn about how Chapter 7 bankruptcy may help you take control of your debt in addition to exploring these important topics:
Overwhelming debt can take a toll on a person’s quality of life. It’s hard to enjoy yourself when the bills are piling up and the money just isn’t there to pay them.
When your bills become out of control and the late charges keep racking up each month, it can feel like there’s no way to get the crushing debt off your back.
Despite these feelings, you need to know that you’re not alone when it comes to debt – according to the Federal Reserve Board, U.S. consumers currently have $2.56 trillion in debt (a 22 percent increase from 2000) – and that you have more power than you think to address your situation.
Specifically, the U.S. Bankruptcy Code provides you with empowering options to address your debt, including Chapter 7 bankruptcy.
Take action and fill out our free bankruptcy evaluation form or call 1 (888) 632-0501 to connect with a local bankruptcy lawyer who can explain how Chapter 7 bankruptcy may go to work and eliminate certain types of your debts.
Take Control: How Chapter 7 Bankruptcy May Help You Get Your Life Back
You certainly aren’t alone in your fight to eliminate your debt.
Millions of people have been in troubling financial situations. In fact, the Federal Judiciary (the U.S. Courts) reports that Chapter 7 bankruptcy filings for the year ended June 30, 2008 showed a 36.7 percent increase from filings made in 2007.
And the numbers are expected to increase as the economy tightens.
Think about it: Chapter 7 bankruptcy was designed to extinguish debt!
The Power of Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a commanding tool in reshaping financial futures. Chapter 7 bankruptcy was created to allow people to discharge—eliminate—unsecured debt, like credit cards and medical bills.
When someone takes charge and decides to file Chapter 7 bankruptcy, they can usually keep their assets like their primary residence and car. In most cases, the bankruptcy court doesn’t order liquidation of assets, which means a debtor won’t have to sell his or her hard-earned property.
The moment you file Chapter 7 bankruptcy, an automatic stay should take effect. This court order prohibits creditors from making any effort to collect during your case.
Utility companies, credit card companies, collection agencies—they all must obey this court order.
Take charge, quiet those creditors and reclaim your peaceful home life.
Could Chapter 7 be right for you? Begin our free attorney evaluation form
Don’t Delay . . . Take Action to Improve Your Financial State
Sometimes when you’re struggling to make ends meet, it can be painful to think about your financial situation.
Debt can sometimes happen suddenly. An expensive medical emergency can unexpectedly turn your world upside down as medical bills start piling up.
Other times, debt accumulates over time and grows into an unmanageable beast.
We tend to shove the notices and bills into our back drawers to get them out of our sight. Eventually they end up taking over our cabinets or becoming small towers of paper on our desks—the whole time they’re hanging over our heads.
Whether you’ve been dealing with financial problems for years or you’ve suddenly found yourself in a financial hole, know that you may be able to take control of your debt. The sooner you take action, the sooner things may get better.
Don’t wait for things to get out of control—get help now and you could get started on your financial recovery path. Fill out our free bankruptcy evaluation form or call 1 (888) 632-0501 to take action against your debt.
The above summary is not legal advice. For the latest information on bankruptcy laws,
please contact a bankruptcy lawyer in your area.