As a bankruptcy attorney, I am often asked, “How will filing bankruptcy change my life?”
I think people ask this question because of the negative things they may have heard about bankruptcy from friends, family, coworkers, and neighbors. They think a bankruptcy means they will forever be seen as outcasts in our economy. So instead of focusing on the benefits and advantages of getting out of debt, they tend to focus more on the possible disadvantages. Of course, the decision to file for bankruptcy should never be taken lightly, but if it’s appropriate for your situation, it may be the solution you need to put the past behind you and move on to bigger and better things in your life. Again, while bankruptcy isn’t for everyone, millions of people who have no way of getting out of debt have found that it’s the BEST thing they’ve ever done to start over. It has proven to be a lifesaver for people who find themselves in a financial situation that they can no longer get out of. Yes, debt can be a big trap for many, and when you don’t have enough resources to pay your debts every month while maintaining a fair standard of living, you often have no choice but to keep borrowing just to get by. This can become a vicious cycle where you find yourself buried deeper in a financial hole that keeps getting bigger and bigger. Bankruptcy could be the tool you need to avoid being buried in a mountain of debt.
If you can pay your bills, you SHOULD. But if you’ve done all you can but have reached that point where nothing short of filing for bankruptcy can help, bankruptcy could be a huge turning point in your life. Bankruptcy gives you a chance to erase the past, learn from any mistakes you’ve made, and start over. Where would most of us be today without a second chance? That’s exactly what bankruptcy offers: another chance to rebuild your finances, your credit, and your life.
There are many positive changes that can come from filing for bankruptcy. Peace of mind comes first. How about a good night’s sleep for a change? If you have creditors constantly harassing you and calling you, the instant relief that bankruptcy brings allows you to breathe, think, and feel like a human being again. If creditors threaten to take what little you have, bankruptcy can also protect everything you’ve worked so hard for, and you can sleep better at night knowing creditors won’t be able to follow through on their threats.
Once you are free from the burden of debt, your future can be exciting again. Regaining control of your finances is just a first step. Once you’re debt-free, you may now be able to plan for retirement, your children’s education, or start saving again. You can stop living your life aimlessly and without a financial plan. Life after bankruptcy depends on what you do after the law has given you that much-needed second chance to get back on your feet and rebuild your life.
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NOTE: Due to the COVID-19 pandemic, I am offering free PHONE consultations to anyone who needs help dealing with their debt problems.
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No part of the information contained in this document is intended to provide legal advice for any specific situation. Attorney Ray Bulaon has successfully helped over 5,000 clients get out of debt. For a free evaluation of your situation by an attorney, call the Law Offices of RJB TOLL FREE 1-866-477-7772.