How filing bankruptcy affects you
Here’s a few things to get out of the way.
We know you have been struggling with your debt for some time. So, congratulations on taking the first step to make your situation better.
Most people fear meeting with a bankruptcy lawyer.
After all, what two words can be more unpleasant than “bankruptcy” and “lawyer” combined? But here’s a little secret. One of the most common things we hear at the end of the consultation is
“I feel so much better.”
Debt problems can happen to anyone.
We’re a nation deeply in debt. Yet, the irony is that no one talks about our personal debts. Most of us have debt: mortgages, car loans, credit cards, medical debt, student loans, taxes and more. So, unless you’re one of those people lucky enough to have stockpiled cash, chances are, you’re just a couple of paychecks away from having your debt become a debt problem.
Who files for bankruptcy?
Frequently, I will meet with clients that say
“I never thought I’d be one of those people that file for bankruptcy.”
Many of us have stereotypes about who files for bankruptcy. Here’s the truth. Most people that file for bankruptcy have jobs. Most have college degrees. Some are married. Some are single. Some have children, others don’t. Some are in their 20’s, some are in their 70’s, but most are in between. We’ve had accountants, bankers, cashiers, doctors, entrepreneurs, financial planners, government employees, hairdressers, insurance agents, lawyers, managers, nurses, painters, roofers, sales managers, taxi drivers, writers and x-ray technicians as clients.
There is no demographic for debt problems.
What you’re feeling is normal.
You may feel confused, embarrassed, angry, shame, scared or some other emotions. These are common and normal. If you’re losing sleep worrying about how to make ends meet, that’s normal too. Most people struggle for a very long time with their debt problem before getting help.
Finding a Solution that’s Right for You
One size does not fit all.
During our first meeting I will listen to your concerns and any goals you’d like to achieve such as keeping your home, car, or business. Maybe your goal is to get rid of credit card debt, or tax debts.
I will get an overview of your situation, including your debt, income, and assets. After that, I will layout a strategy. This may include Chapter 7, Chapter 13, or debt settlement. Frequently, timing is very important so we’ll also layout a timeline.
There’s no single solution that fits every client. My goal is to figure out the best strategy for you, and arm you with information so you can make the best decision for you.