Most of us experience financial challenges at one time or another throughout life. From those first years on our own as we establish our independence there are usually many learning experiences—from getting that first line of credit to saving for a car, that first home, and more. Later, there may be challenges as we expand our family, change careers, try to keep up with the mortgage, student loans, and more.
The usual and ups and downs of life are often reflected in our finances too. But for some, an unexpected problem or event may arise that slices to the core in terms of our financial health. This could likely be an extended illness or a serious accident, the loss of a job or having hours and income cut, a nasty divorce, and more.
How can you tell if what you are going through are just normal financial challenges you should grit your teeth and weather through—or if more serious action should be taken? While bankruptcy is not your only option, it can be an extremely effective way to get spiraling debt under control and allow you to start over. Other alternatives are debt management and debt consolidation, all of which should be discussed with an experienced attorney from a bankruptcy law firm like Fitzgerald & Campbell, APLC.
If Any of the Following Sound Familiar to You, Then You May Want to Consider Taking Serious Steps to Get Control of Your Debt Once and for All:
- You are operating in a deficit each month, with a substantial disparity between income and debts to be paid.
- Debt collectors are becoming part of your life, unfortunately, with calls coming in constantly from many different unrecognizable numbers. The mailbox is full of threatening letters from creditors, along with escalating bills and late fees you cannot pay.
- Lawsuits are being threatened—or you may have already been served with papers indicating that a creditor or creditors are now taking you to court over unpaid balances.
- Your landlord is threatening eviction, the mortgage company is sending letters regarding foreclosure, or your car is in danger of being repossessed.
- Your employer has been notified to start garnishing your wages.
Whether you are thinking about filing for bankruptcy or exploring other options for debt reorganization, contact us at Fitzgerald & Campbell, APLC. Our attorneys have decades of experience in serving clients with similar financial situations. Let us review your case and discuss what would work best for you. We are here to help!