Bankruptcy. Just the word is enough for most people to cringe. “You lose everything!”, people will tell you. “You’ll never get credit again!”, “People will think you are a deadbeat!”, are also some of the common refrains heard when people discuss bankruptcy. The simple fact of the matter is that none of that is true.
The bankruptcy laws are there to protect us, the consumer. People have many reasons for declaring bankruptcy, from losing a job to medical bills. Whatever the the reason, bankruptcy gives you a legal way manage an unwieldy debt load while at the same time providing you a path to solvency.
One of the biggest mistakes people make is waiting too long to consult a professional regarding bankruptcy. Waiting only increases the amount of time you will be subjected to the harassment of debt collectors and you may even be racking up more and more late fees during this time, making the debt problem even worse.
For immediate help, call the professionals at The Hoats Law Group. Our highly trained staff will explain you options and help you through the process should you decide it is right for you. Call us today for a complimentary consultation.