It's never easy to live without financial security. You may live paycheck to paycheck or worry that you'll never have enough to make ends meet. Maybe you made financial mistake in the past or you've been a victim of your circumstances.
Struggling financially is difficult, but it's something you don't have to live with. While money can make life easier, it also has the potential to make it more complicated. When money is a negative influence in your life, the only option is to develop a better financial profile and to work toward security.
How can your attorney help?
Chapter 7 bankruptcy is one potential option for people who have financial difficulties as a result of credit debt or other unsecured debts. The good news about Chapter 7 bankruptcy is that it doesn't make you start over from scratch. There are exemptions that allow you to keep your primary vehicle or home in some cases, so you don't have to worry about your life radically changing.
You will need to develop a plan for a better and more stable financial life after the bankruptcy. A court will want to see your plan in some cases. It's in your best interests to create a budget that gets you into a secure position now, because there will be a time restriction in place to prevent you from filing for bankruptcy again in the near future.
Bankruptcy is an option for some people, and it could be the right one for you. Our website has more information on what to expect with a Chapter 7 bankruptcy.