Many people who have graduated from college realize that they are in over their heads with debt. For some, not getting a job in their field immediately means relying on support from minimum-wage jobs or those that barely pay the bills.
Chapter 7 bankruptcy is a good solution to debt woes for many people. If you don't have the income to support the debt you have or are out of the job, then this could be the right choice for you.
Chapter 7 bankruptcy is a great way for people to liquidate assets and get out of debt. It helps you end collection calls and get back in control of your finances.
If you love to eat, then you know that with food there is always a risk of getting sick. In 2016, there was an outbreak of E. coli, a dangerous bacterium that can lead to hospitalization and death. Of the people infected throughout the United States, including one person in New Jersey, 12 ended up in the hospital. Nine developed hemolytic uremic syndrome, which is a type of kidney failure linked to E. coli infection.
Chapter 7 bankruptcy has the potential to help you in a time of crisis. If you don't see a way out of dire financial straights, then Chapter 7 may be the best solution for you.
When you think about debt relief, you might automatically think about bankruptcy. It's one of the many options that exist to help you get your finances on track.
Bankruptcy is not always a bad option when it comes to getting yourself out of debt. Though many believe it should be the last-ditch effort, it does have its place in the financial world as a kind of relief for those who are in over their heads with debt.
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.
Many people shy away from a Chapter 7 bankruptcy filing because they're concerned about the long-term impact on their finances.
If you're in debt, you may be hoping that there is a way to get out. You might not be able to increase your income, or you could be doing your best to limit expenses and have little left you can do. Lots of people have been in your position.