If you’re worried about your finances, and regularly have to decide whether to pay your bills or buy clothes for your children, put gas in the car or food on the table, then is there a reason you haven’t filed for bankruptcy yet?
Here are the most common reasons we hear.
1. You’re scared
Perhaps by not thinking about it, your money problems will go away.
2. You’re stubborn
You may think that because you got yourself into this situation, that you should do the ‘right thing’ and get yourself out of it alone.
However, you might only be paying the minimum monthly repayment on your credit cards, or missing meals so that you kids can eat, or working 2 or 3 jobs just to make ends meet.
Is this stress really worth it, when there is help available?
Because you’re a proud person, you don’t want help, do you? You want to do it all by yourself.
Besides, you’re not the sort of person that files for bankruptcy are you?
You didn’t live a lavish lifestyle of designer clothes, extravagant vacations or wild parties. You don’t have diamond encrusted plates or solid gold door handles do you?
- A newly divorced father of two, with childcare, and large car and mortgage payments to make out of your single income
- Suffering from a medical condition, and now you’ve got to choose whether to rest and get better, or go back to work to pay the bills
- Devastated because your overtime has been cut, meaning that you’re only making minimum wage now and can’t afford your mortgage
- Looking for work since your factory closed, and need to pay for everything on your credit card which you can’t afford to pay back
- Paying your daughter’s student loan after she died, because the lender demanded repayment immediately, as you’re the cosignee
These are just some of our typical bankruptcy clients and why they filed for bankruptcy. Not what you expected at all are they?
You might be reluctant to file for bankruptcy as you’re worried about what other people will think about you.
With hundreds of thousands of people filing for bankruptcy each year, it makes no sense to suffer when you don’t have.
There is a way out for you.
Perhaps you’re confident that your situation will improve when you get a better paid job and can afford to pay your bills and your debts.
- How long are you going to wait?
- What about your family?
- What about each time the phone rings or the mailman knocks at the door?
- Can you avoid speaking to your creditors forever?
Will your situation improve if you don’t do anything about it?
No, it won’t.
Now you know more about why people filed for bankruptcy, should you think about it too?