You did not plan to be in this position. No one ever comes into our office saying, "I've been planning for years to pile up a ton of debt and then stick it to my creditors!" In our experience, bankruptcy is usually caused by outside forces-the loss of a job, medical problems, economic changes, or divorce being among the most prevalent reasons.
However, most people do all they can to avoid bankruptcy, even when it is the best answer, so why does it exist?
In the United States, our economy is based on people buying new goods and services. If you are not buying new goods and services because you are strapped and paying off old debt, you are not helping the economy. Bankruptcy gives you the opportunity for a fresh start and a chance to get back in the game as a supportive participant in the economy.
There are numerous myths and fallacies floating around our society about bankruptcy, but it is important that you always make your financial decisions based on fact-not rumor. Bankruptcy may not be the best option for everybody, but it could also be the answer to your financial woes and a second chance at a new life.
If you are in financial distress, PLEASE contact Carolyn Moller Duncan, P.C. to discuss your situation as early as possible. We can help you break the cycle of debt, and if bankruptcy is not right for you, we may be able to help you negotiate better terms for your debt.