Bankruptcy is a scary word that strikes fear into countless families and businesses all over the United States, but it’s important to note that bankruptcies are very common and widespread in today’s legal landscape.
The Cold, Hard Facts
If you’ve been weighing the pros and cons of contacting a professional if it’s worth mentioning that you’re not alone by any stretch of the imagination:
*There were over 795,000 bankruptcy filings in 2017 alone.
*According to a recent study, almost 45% of US households spend more than they earn each year, which explains why the typical family has roughly $17,000 of credit card debt.
*However, when accounting for alternative debts – such as car loans, mortgages, and student lending – the average household owes more than $133,000 in total.
*No one is immune to the prospect of bankruptcy – more than 15% of filers have bachelor’s degrees, and 8% have graduate degrees.
As such, your local bankruptcy attorney represents a vital resource nowadays, especially if you’ve been trapped under the weight of mounting debt and other financial issues.
What Can a Bankruptcy Specialist Do for Me?
Simply by scheduling a consultation with a trustworthy bankruptcy attorney in your vicinity, you’ll be able to regain control of your life and establish a personalized plan of attack to address your concerns:
*Immediately stop harassing calls from creditors and debt collectors.
*Eliminate any wage garnishments or existing lawsuits.
*Analyze your debt matrix, income, and overall financial situation to determine whether Chapter 7 or Chapter 13 is the proper course of action.
*Help you reduce your monthly debts and create a viable repayment plan.
*Prevent the seizure of your assets, properties, and possessions.
*Negotiate on your behalf to ensure leniency from the IRS, State, and other involved parties.
*Handle all paperwork requirements and documentation necessities.
If you’re ready to finally resolve your financial issues prudently, be sure to gather your most recent pay stubs, tax returns, bank statements, and property deeds, and then ok to visit the website of a renowned bankruptcy specialist in your area.
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