As a debtor filing for bankruptcy, or simply thinking of filing for bankruptcy, you should have fully understood that bankruptcy is a debt relief remedy that should always be considered only as a remedy of last resort, that is, only AFTER any other practicable option. available will have been considered, tested or exhausted. However, as a consumer who is seriously in debt, there must come a time in your financial life when you are so deeply in debt that you should wisely begin to consider the real possibility of filing for cheap bankruptcy, or seriously consider yourself a legitimate bankruptcy candidate. bankruptcy. In addition, of course, to the consequences of bankruptcy
According to financial experts, certain specific signs should sound like a classic clear warning to a wise and informed debtor that they may be in the middle of that moment. The following problems are some of the classic signs that tell a debtor that it may be time to start thinking seriously and think about the real possibility of filing for bankruptcy. As well as the consequences of bankruptcy, if filed.
What are some serious signs to start thinking about filing for cheap bankruptcy? However, the consequences of bankruptcy?
Do you see if you are facing some or all of these situations?
• Has your wages been garnished or is your bank account garnished or about to be garnished?
• Most of your debts are unsecured debts, such as credit card bills, hospital or doctor bills, etc.
• Is your total debt, even if you exclude your car or home loans (which are the debts you can least afford not to pay, if you can help it), more than you could possibly pay off even for several years?
• Are your missed or missed payments on your car loan or home mortgage more than you could make up in even 6 months or a year?
• Do collection agencies call you at home and/or at work, both day and night?
• Are you more than 30 days late in paying more than one, two, three or more bills?
• Are there pending lawsuits against you for money you borrowed or obligations you don’t meet, such as child support or alimony, traffic tickets, etc.?
• Have you racked up large medical bills that insurance doesn’t cover?
• Do you owe income taxes that you currently cannot pay?
• Do you have few assets?
• Exhausted from making debt payments for a long time, now you have little or no savings?
• Is your debt and financial situation causing you emotional distress or depression?
• You are facing impending foreclosure on your house, or eviction by your landlord, and you are very worried about losing your house or losing your car, which is, let’s say, a must-have item because you need it for get to your job?
• Have you already had any of your property repossessed (such as a vehicle)?
• And, perhaps, more and more problems related to debt….?
Are you, in short, facing the financial crisis of your life, one that now seems overwhelming, like most or all of those mentioned above? If you find yourself in such a terrible financial bind or virtual hell like the ones mentioned above, it’s time for the experts to say that these are classic signs that you should start thinking and seriously consider the real possibility of filing for bankruptcy as a remedy, as well as the consequences. bankruptcy, if you were to file one.
Sorry, but you’re almost alone in this one!
But guess that? In practical terms, the worst aspect of it all today is that, despite all these horrible circumstances, if you are faced with any one of a score of prospects like these, you will suddenly but surprisingly discover that you are ALONE and that there is no one. to help you. Yes, you will discover that you are alone – a terrible reality that seems, in fact, to be one of the main unfortunate results that have arisen from the draconian measures of the new “reform” bankruptcy law of 2005, the Prevention of Abuse of Bankruptcy and Consumer Prevention or BAPCPA law!
Yes, if you find yourself in such a sorry situation, you will find that there is not much help available to you. Not from bankruptcy attorneys. Since the 2005 BAPCPA law, their average fee for filing the simplest form of personal bankruptcy, Chapter 7 bankruptcy, has now ballooned to an average of $2,500 (from about $1,200 before the 2005 law), and about of $4,500 for filing for Chapter 13 bankruptcy. And you certainly can’t find any help in current operating bankruptcy law. The new law is apparently the main reason bankruptcy attorneys’ fees have been slammed in the first place since October 2005, as it places several obstacles in the consumer’s path that they must now overcome before they can even being eligible to file for bankruptcy, the overall net result of which has been that it is now generally more difficult, more complicated, and much more expensive today for a debtor to file for bankruptcy to get rid of past debts.
NEED TRACKING INFORMATION?
So what if you were experiencing some of these classic signs that seriously tell you to start thinking and seriously consider the real possibility of filing for bankruptcy as your debt relief and the consequences of bankruptcy for whoever does? How do you find affordable bankruptcy?
Fortunately for debtors, today there is at least one major legally approved, inexpensive, and very cheap way to effectively file bankruptcy that almost all debtors can afford. It’s basically a filing method that uses a good debt relief agency or a federally approved bankruptcy preparer (BPP) to do the bankruptcy paperwork for you at low cost. For information on how to make sure you find a good, competent, proven, and trustworthy Debt Relief Agency or BPP, visit this site: http://www.afford-bankruptcy.com