Falling behind in your monthly bills? You are not alone. Loan officers and credit card companies make it easy to rack up significant amounts of debt. Meanwhile, uncertainty over your job or income and the overall high cost of living make it hard to make ends meet. Unfortunately, the more you fall behind, the more penalties and interest charges pile up. At the same time, you could be facing shut-off notices from utility companies and legal warnings about impending repossessions, eviction, and other actions. In this situation, filing for bankruptcy can provide you with protection while helping you get the fresh start you need.
Bankruptcy is an option for honest people who have stumbled upon financial difficulties, often through no fault of their own. Job losses, unexpected expenses, medical issues, and personal problems are all common causes for people to fall behind on their debts. Once you miss even a single payment, penalties begin adding up, and credit collectors begin their harassing calls, making your life miserable and keeping you from ever getting ahead.
The Consumer Finance Protection Bureau advises that banks, loan companies, and credit collection agencies are prohibited from engaging in unfair practices, such as calling you overnight, contacting your friends, family, or employers, or insulting you and making threats. However, there are other actions that are within their rights to take:
Filing for bankruptcy can protect you against these actions. The minute your case is filed, an automatic stay goes into effect. This frees you from having to make additional payments until your case is resolved and protects you against harassment or other legal actions.
Your first step in protecting yourself and getting a fresh start is to contact our Macomb County Chapter 7 bankruptcy attorneys. We provide trusted guidance on whether bankruptcy is the solution for you. Debts it can help to eliminate include:
For residents of Macomb County, filing Chapter 7 bankruptcy through the Eastern District of Michigan Bankruptcy Court can give you the second chance you need.
Get rid of your debts and get a fresh start in rebuilding your credit. Reach out to the Law Office of Karen E. Evangelista, P.C. today. To schedule a free, no-obligation consultation, call or contact our Macomb County Chapter 7 bankruptcy attorneys online.