Threatening phone calls, stacks of bills, frozen checking accounts, court summons, garnished wages, repossessions or even foreclosure. Have any of these things happened to you? If so, you're not alone. Americans are struggling with unprecedented levels of household debt after the greatest financial downturn in decades. Reduced income, medical and credit card debt and slipping on mortgage or auto payments are only a few sources of financial strain that can quickly form into the perfect storm of financial chaos. Filing for bankruptcy has the power to dramatically alter or even reverse this situation. Even the most effective and compliant third party financial organization is no match for an experienced bankruptcy attorney. That’s because unlike debt settlement, credit counseling, or debt consolidation programs, bankruptcy has a foundation in federal law. By filing bankruptcy, you could completely wash away your liability on your debts in their entirety. Plus, automatic protections are put into effect that protect you against any collection efforts, and protect your property as well. Bankruptcy tells creditors the party is over. Bankruptcy allows consumers to take control of their financial situation and regain a foothold instead of fighting against the rising tide. But the decision to file for bankruptcy is an important one. It’s best to speak with an experienced bankruptcy firm to determine whether or not it is the right decision for you. Call Lincoln Law today for a free consultation to discuss your options - whether or not they end up being bankruptcy.
