We are now living in the worst economy since the Great Depression. With millions of people being unemployed and struggling with foreclosure, debt problems have become common. Of course, debt is a very personal matter so most people don’t talk about it. You may not realize this but chances are that someone close to you, perhaps a family member, a friend or a co-worker is seriously struggling with debt at this moment and have not told anyone about it. They seriously need help but don’t even know where to begin.
Like most people, you’ve worked hard, paid your taxes and have done your best to pay all your bills on time. But at some stage in life, all of us get into debt. Money problems can easily overlap into other areas of our lives. Many people feel hopeless and powerless over their debt problems. I have seen marriages become unstable and relationships destroyed forever. If you are currently in debt, rather than allowing your money problems to affect your life in such a dramatic way, filing for bankruptcy protection may help you get your life back on track.
If your liabilities exceed your total assets, you’ve suffered a job loss, are facing foreclosure or have bills you can no longer afford to pay, Congress has enacted bankruptcy laws that can help you get your finances in order. I know that the mere thought of bankruptcy makes most people nervous so they avoid exploring their options until it’s too late. I find this unfortunate because in a lot of cases, people could have turned their situation around much sooner had they taken the time to find out what their legal rights are. Some people wait too long to file bankruptcy even when it is their only option. In the process, they use up hard-earned assets like their retirement plan, savings accounts, etc. but in the end they realize that this was nothing more than a temporary fix to a lingering problem.
If you’ve come to the end of your financial rope and don’t know what else to do, it is time to face your debt problems with dignity and do what your situation calls for. I am not saying that bankruptcy is for everyone but after being a bankruptcy attorney for almost 14 years now and having represented thousands of clients in bankruptcy, what I have seen is that oftentimes, bankruptcy is THE ONLY WAY for most people in debt to get a fresh start when they are in over their heads in debt. If bankruptcy is the best option for you, you don’t need to keep living paycheck to paycheck while digging a deeper financial hole every single month. Yes, bankruptcy may be a scary thing for a lot of people who don’t understand the process but once you’ve taken the time to find out how it works and how it could help you get out of debt, you may realize that it’s actually not as difficult as you first may have thought.
Dealing with financial problems can result in stress, fear and embarrassment. Maybe you hesitate seeing an attorney for fear that you will face criticism. Remember this: With the current economy in turmoil, more and more people are filing for bankruptcy protection so you are not alone. The stigma that once surrounded bankruptcy has almost disappeared. Once you consult with a bankruptcy attorney, you may soon discover that the law is actually on your side and that you just need to let the legal process work for you.
To schedule a free consultation, please call Toll-Free 1-866-477-7772. We have offices in Glendale, Cerritos, West Covina and Valencia.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped over 4,000 clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1-866-477-7772.
