Inauguration Day Is Over, What’s Next For My Finances?
On January 20, 2017 Donald Trump was sworn in as the 45th President of the United States. Despite the Inauguration Day protests and the Women’s March that followed the next day, President Trump did not waste any time trying to make good on some of his campaign promises. Almost instantly, “the Donald”, put his signature on measures to being unwinding Obamacare and swiftly pulled the US out of controversial trade agreements. During the campaign voters across the country expressed concern with their rights, safety, finances, and whether those things would be secure under a Trump administration. While it remains to be seen how any of President Trump’s actions will impact the ordinary American, one thing stays the same; your need to pay your bills and to take action when you have more expenses than you do income.
The economy is a tricky thing, and it fluctuates under each President. If you are worried about your finances under President Trump the best thing you can do is save when you can and cut back on luxuries where possible. If doing these things still leaves you without enough money at the end of the month, or if you are worried about how Trump initiatives could jeopardize your employment or financial status, you can always consider filing for bankruptcy. Bankruptcy can help by:
• Eliminating or drastically reducing debt.
• Keeping creditors from calling you to collect, and also from initiating or maintaining collection lawsuits against you.
• Allowing you to pay the value of certain things you own (like your car), rather than the balance due.
For many, bankruptcy is a chance to start over with a clean slate. When money gets too tight and things become too overwhelming, bankruptcy is a good answer. The fresh start you get by filing for bankruptcy will let you start out with a budget that fits your finances, and can even give you the opportunity to build up an emergency fund. For more information about bankruptcy and how it can help you, call our office today. We will let you know your options, and get you on the right track to financial freedom.
For more information about how to handle overwhelming debt, contact us at www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.