Financial difficulties have a way of compounding quickly, the hole getting deeper the more you try to dig out. You spend much of your days (and sleepless nights) looking for a way out, while dodging calls from creditors and collectors and trying to make your budget work. Many companies offer debt relief, promising a way out with some magic formula of consolidation or debt settlement. Unfortunately, these tend to become more complicated and less successful than promised, leaving you back where you started—or worse.
The good news? Where these programs fail, bankruptcy can succeed. Unlike private programs that focus primarily on profits for the companies providing them, bankruptcy is enacted under federal law, designed to provide immediate relief and is a real, viable solution for crippling debt.
You're not alone if you're struggling with debt. In the last twelve months, roughly 1.5 million families found relief through bankruptcy. These families faced a multitude of challenges, like:
- Nasty collection letters
- Harassing phone calls
- Lawsuits and judgments
- Wage garnishment
- Repossessions
- Foreclosure
Bankruptcy can help. While it may not be the right solution for every situation, it provides relief much more powerful than any of the other so-called “debt relief programs”. Instead of struggling, waiting, and hoping, you can take action. Filing for bankruptcy will stop all of the actions above and can help you find the financial freedom you thought you would never have again.
Before entering into a program that offers temporary, incomplete help for your problems, take the time to consider bankruptcy. A licensed bankruptcy attorney will evaluate your situation and in many cases will reveal the path to break free of your current financial situation and get a fresh start.