Having a solid financial plan is a good way to feel secure, and face the future with confidence. But not all of us are able to pay all the bills on time, and more often than not the average working American struggles daily to make ends meet. Rather than continue living paycheck to paycheck or wondering how to keep the lights on, take action to put an end to your financial distress. The best way to do this is to come up with a budget, stick to it, and be open to alternatives when facing severe financial problems.
Bankruptcy can play a role in your financial planning, and here are a few ways how:
• When you file bankruptcy you get to eliminate or reduce the debts you owe.
• Once you owe less, you can put more money towards other bills and get them paid off, or at least current.
• When you no longer have to pay certain things, you can take those expenses out of your monthly budget. Having fewer things to pay each month makes it easier to pay the things that remain.
• Saving becomes easier when you have money left over after paying the bills each month.
The idea of bankruptcy is that you will get a fresh financial start. And who wouldn’t like a do-over, or get to start again with a clean slate? The credit counseling that is required of all people who file bankruptcy will help you identify where your budget got off track, so that after your case is over you can avoid repeating the same behavior that led to your financial problems. The hope is that going through bankruptcy will not only get you out of debt, but keep you out of debt later in life. The money lessons learned during a bankruptcy case can last a lifetime, and can help you pay off debt, establish a savings account, and be more prepared for a financial crisis in the future. If you are having a hard time paying your bills and want to start over, let us help you. We will give you the information you need to decide if bankruptcy will work for you, and help you be successful during and after your case.
For answers to your questions about debt, contact us at www.DsouzaLegalGroup.com.