Being consumed with thoughts of the debt you have and how in the world you are going to pay it back happen to most consumers. For some of us, the debt is so bad that falling behind on payments, and being sent to a debt collector is a very real part of life. Once your debt moves into collections, the harassing phone calls start and don’t ever stop. You may get several a day from multiple agencies, depending on how much debt you are in. This may lead you to start considering the options available to alleviate the debt altogether.
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While debt consolidation is an excellent idea, in its way, many aren’t able to do this method, especially if your income is rather low. What will happen with consolidating is everything is pooled into one payment, and this payment could be sizable. If this doesn’t seem like the best option for you, then you have probably researched bankruptcy. Some might think there is a stigma attached to filing a Chapter 7 or 13 because you are giving up. However, this is far from the truth. After bankruptcy, many find that the fresh start provided allows them to get back on the right track financially.
When considering filing for bankruptcy, it’s essential to choose an attorney that specializes in this area of law. Chapter 7 or 13 for Houston residents, call Attorney Jed Shaw. Shaw Defense has worked with many to realize their dream of getting out from under the debt that has made life challenging. After you have selected your legal team, you will probably have questions about the process.
Before the actual filing date, it is good to confer with your attorney about what you can expect. Questions range from is it ok that I file a Chapter 7, to what happens after I get my discharge? It’s entirely possible, and more than likely you will have questions throughout the whole process. That is why it’s crucial to choose an understanding attorney that makes you feel confident asking, and answer any and all questions you seek.
Choosing to file bankruptcy doesn’t mean you have failed, or that you have done something wrong. But it is one avenue you can take to get back on track financially and regain your life free of debt collectors, and payments you are unable to make. Before filing consult an attorney and find out which option will work for your situation.