How Can Bankruptcy Help Me?
People generally file bankruptcy because they are faced with one of the following situations: One, they may need immediate help to stop an imminent threat, such as a foreclosure, repossession, or garnishment. Two, they are unable to pay their accumulated debt and need long-term relief in order to get their life back on track.
If you are facing an emergency or are unable to pay your bills, you may be able to find financial relief by filing for bankruptcy.
Situations that can be alleviated by filing for bankruptcy may include the following:
Lawsuits
Foreclosure
Vehicle repossessions
Wage garnishment
Homeowner association fees
IRS or tax levies
Suspended license
Past-due child support
Filing Bankruptcy isn't only for urgent emergency situations:
Does paying your debts prevent you from providing for your basic living expenses?
Do you hate answering the phone because of debt collectors?
Are you up at night because of your finances or debt?
Are you very behind on your credit card payments?
Are you constantly arguing with others about debt?