Having more bills than money every month is a problem
that will quickly catch up with you and cause your finances to spiral out of
control. And, not only will your finances take a hit, but your physical and
emotional health can be damaged as well. The stress caused by being under
financial pressure can result in loss of appetite or sleep and these things can
turn into health problems that impact every area of your life. In order to take
back some control and get a breath of fresh air it is crucial that you find
ways to effectively manage your debt. One of the things you can do is to find
out more about bankruptcy, and how it will help you and your family.
● All collection efforts must stop
immediately upon the filing of a bankruptcy case. This means that you will no
longer have to be afraid to open a piece of mail from a lender or avoid phone
calls because you fear a collector is on the other end of the line. This type
of relief will help to alleviate the stress you are feeling from being unable
to pay all of your bills on time and give you the chance to come up with a
budget that works.
● If your wages are being garnished this
must also stop, which puts more of your hard earned money back in your pocket.
● Depending on the type of case you file
you may be able to pay less than what is due on the loan for some of your
property. We all know that some things lose a significant amount of value as
soon as they are bought, like a car, and in bankruptcy you are able to pay what
something is worth rather than what the seller made you pay.
Bankruptcy has proven to be a life saver for thousands
of consumer debtors and it can help you too. We are experienced in preparing
and filing cases and look forward to speaking with you to learn your needs and
come up with solutions that fit.
For more information about
how bankruptcy can help you, call us today or reach us online at www.law-ri.com. We offer appointments at multiple locations for
your convenience and can schedule a time to visit with you soon.
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