Life is full of unexpected events, and some of these events create hardships. A great deal of the hardships created are financial, which forces individuals to consider filing for bankruptcy. If you find yourself facing any of these financial circumstances, and you’re not sure if bankruptcy is right for you, we encourage you to contact our office and schedule an appointment with Leslie Craft.
1. Harassment
For those of us who are paying off debts and loans, getting behind on your payments may result in harassment from creditors. Filing for bankruptcy can keep those pesky creditors at bay and allow you to get back on your feet without all the badgering.
2. Medical Bills and Unexpected Expenses
Medical emergencies are definitely unexpected. They come out of nowhere and they usually come with unexpected expenses and the ability not to work. The bills can add up quickly and become difficult to pay. Filing for bankruptcy can allow you to start over and get out of debt.
3. Job Loss
Losing your job is also a common reason to file for bankruptcy. Losing a job typically means losing all of your income, and it can be impossible to pay off any remaining debts. Deciding to file for bankruptcy could give you some time to get back to normal and find a new job without struggling with debt burdens.
4. Credit Card Debt
Credit cards can be a resource that very quickly turns into a stressful debt. Though credit cards are typically used responsibly, interest rates and fees along with paying off your monthly balance can easily result in overwhelming bills. Bankruptcy can be an alternative that allows you to wipe out your credit card debt and start fresh with a clean slate.
5. Divorce
The toll a divorce takes on you can cause you to feel extremely stressed and defeated. Add on the financial cost of lawyers, fees, and child support – and it can feel like you are sinking. Bankruptcy can allow you to catch your breath, lessen your stress, and settle your debts, allowing you to focus on other situations.
6. Student Loans
Student loan debt is a continuing problem that many are struggling with. Rules have been altered recently that make it possible for student loans to be cleared by filing for bankruptcy, making it easier to get back on your feet.
There are many reasons someone may choose to file for bankruptcy, but whatever the reason, it is extremely beneficial to have a bankruptcy lawyer by your side to guide you through this complicated and stressful time. Leslie Craft has over 35 years of experience handling bankruptcy cases and is prepared to handle yours with understanding and kindness. Contact Craft Law Office today to schedule your free consultation and get your financial future back on track.