The reality of modern American living is that it’s really easy to get into debt. Once you are in debt, it’s also really easy to incur even more financial obligations. Like a snowball rolling down a blanketed hill, once you begin to gather small debts, the consequences can quickly feel overwhelming. If your debt-to-income ratio is beginning to feel unmanageable, then bankruptcy may be the right choice for you.
You’re Not Alone
Filing for bankruptcy is not a task that you will have to complete alone. The first person who may assist you is a bankruptcy counselor. The counselor you choose will offer you court-required bankruptcy counseling with a certificate of completion at the end.
Since bankruptcy is a legal process, hiring a lawyer to help you along the way will make the process simpler and as stress-free as possible. One of the first questions you will want to ask your lawyer is, “Which chapter of bankruptcy should I file?” One common option of filing is chapter 13 Weymouth. There are many different bankruptcy chapters with different requirements for each. A bankruptcy lawyer can help you choose and follow the steps of whichever chapter is best depending upon your circumstances.
You’re Not Stuck
If you are overloaded with debt and don’t see a clear way out, know that bankruptcy can be the reset that you need. It can be discouraging to continually make payments, without anything actually being paid off. The incessant communications from debt collectors can make you feel like you never want to answer your phone or go online again. You don’t have to continue to ignore the mountain of mail that piles up or let your inboxes fill to capacity. You have options.
Bankruptcy is not a punishment that will ruin your reputation forever. Bankruptcy is an opportunity to financially start over fresh and have the ability to make different decisions in the future.