When you don’t make enough money to pay all of your bills each month it can seem like there is no light at the end of the tunnel. Without a clear solution in sight it is difficult to concentrate on the things that matter, like your job and your family, and finances can quickly spiral out of control. But you do have options for getting out of debt, and if you decide bankruptcy is the answer you seek, you can expect to start out fresh once your case is filed. This is because when you file for bankruptcy, you are able to eliminate or significantly reduce what you owe and this means you can start paying your bills on time and even have some money left over to start saving.
If this sounds like something you would be interested in doing, the time to act is now. Three steps you should take after making the decision to file bankruptcy are:
• Gather all of your financial documents. This includes tax returns, car titles, mortgage and other house papers, credit card and medical bill statements, student loan notes, and recent pay stubs. You will need to present all of this information to an attorney to review, so your bankruptcy petition can be prepared and filed.
• Sit down and talk with an attorney about your financial goals and what you want out of filing for bankruptcy. It is always good to go into a bankruptcy case with a clear idea of what you need, so you can learn what types of results you can expect.
• Make a budget that includes debts that will be due after your case is finished. When you see what you will still have to pay after your bankruptcy is over you are better able to allocate your money to necessary expenses and identify areas where you can start to save.
Bankruptcy is a very real answer to a lot of financial problems. When you file a case your creditors are no longer allowed to call you, or to sue you for past due debts. This break in annoying calls from lenders gives you a chance to breathe and to formulate a plan you can follow. If you are having a hard time making ends meet, call to find out what to do next.
For more information about how to manage debt and how bankruptcy can help eliminate overwhelming debt so you can focus on what matters, contact us at www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.