If you’re asking yourself this question, you may feel like you’re literally drowning in debt. You struggle to keep your head above water, but in fact, you’re barely staying afloat. If you’re feeling this bogged down with stress over debt, it’s time to take action. Consider the many benefits of filing a Chapter 7 bankruptcy. Many people dread the very thought of filing for bankruptcy, when in fact it is a positive way out to get a fresh start. Do not feel like a failure; you’re doing the right thing.
Here are some of the top reasons that people find themselves ready to file for chapter 7:
- Business failure (businesses fail, that is a fact of life)
- Income drop (bad economy or otherwise)
- Medical problems (how can you prevent that?)
- Divorce (happens to many)
- Bad financial decisions (we all make them!)
If you think that you fit somewhere on this list of the top 5 reasons for filing for bankruptcy, don’t feel bad. Many people file for bankruptcy every day. These same people, once consumed by overwhelming stress, find their lives completely turned around for the better. Replace your stress with relief and hope for a brighter future by filing Chapter 7.
Are You Ready To Turn Your Life Around?
Filing for chapter 7 will allow you to start over from the beginning. Whether you made poor financial decisions or medical expenses spun your financial situation out of control, Chapter 7 can help. Put the past in the past and move forward without debt.
Chapter 7 gives you the opportunity to say goodbye to debt and prepares you for managing credit moving forward. The required credit counseling course will help you understand what went wrong in your past and help you identify what changes you’ll need to make in order to stay in control of your finances.
Are You Ready For A Fresh Start And New Beginnings?
Fresh starts and new beginnings are what life’s all about. Every day is a new beginning and a chance to start over, so why not start over now by eliminating all of your debt? Don’t feel guilty or ashamed, we see people from all walks of life seeking help in the form of bankruptcy.
Many people often feel like they’ve failed when they have to file for bankruptcy. However, you’re actually making a responsible decision by seeking the help you need to get back on your feet and in control of your financial situation. Some circumstances spin out of our control; it’s okay to ask for help when it happens.
Within just 18-30 months of filing for chapter 7, you will begin to see an improvement in your credit and the more time that passes with responsible money management, the better your credit will get. One day, you will thank yourself for making the courageous decision to file Chapter 7.
Are You Ready To Completely Eliminate Your Debt, Tax-Free?
When attempting to eliminate debt with alternate methods to bankruptcy, such as refinancing and debt consolidation, etc., your debt is still taxable. But filing for Chapter 7 allows you to completely eliminate your debt, tax-free. Give yourself the tax-free clean slate that you deserve by filing for Chapter 7 and completely starting over. Start the New Year off right with one of the best new beginnings that you can give yourself – becoming debt-free. Give yourself the clean slate that you deserve.