The times, they are a tough. This recession is so bad that millions are contemplating filing bankruptcy. Whether you file or not is between you and your attorney, but it is vital to understand a bankruptcy attorney has a secondary purpose even if you don't file.
The economic conditions are brutal. People are losing jobs. It is reported that as many as 1 in 7 homeowners may owe more than their home is worth. All that credit card debt you've piled up over the years is now rearing its ugly head. In short, things are bad and the immediate future isn't looking so hot either.
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Millions have been caught by surprise by the current recession. This has led to a severe scenario on the personal finance front. From massive debt to job losses to a host of other reasons, millions are getting those letters and phone calls from creditors demanding repayments. The phone calls can be particularly brutal, particularly if they figure out where you work. Either you figure out how to pay down the debt or you have to consider bankruptcy as an option.
Bankruptcy is the ultimate solution for personal debt problems. Of course, it comes with some severe downsides as well. Before you meet with a bankruptcy attorney, it is important to realize that there is a "sort of" bankruptcy worth considering before you go full bore into a bankruptcy filing.
So, what is this "sort of" bankruptcy? Well, most creditors are looking for the easy marks - the people they can call and harass. A bankruptcy attorney can put a stop to these calls. You simply tell the creditors you have hired a bankruptcy attorney and forward them to that person. For the most part, the calls will come to a grinding halt. This is true even though you haven't actually filed bankruptcy yet.
Will this "sort of" bankruptcy give you permanent relief? No. Sooner or later, the creditors are going to realize you haven't filed and haven't paid back your bills either. At that point, the calls will start again. Still, this approach gives you time to work on a solution to your financial problems and keeps the phone from ringing every 20 minutes. That alone makes it worth giving a try.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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