If you are considering filing for bankruptcy as a way to help manage or reduce your debt load, you need to know that declaring bankruptcy is nothing to be ashamed of.
By filing bankruptcy, it means you are taking control of your situation and looking to the future. It takes a HUGE load off your back and allows you to breathe again. Although we understand that, and people who have experienced bankruptcy understand that, other might not necessarily look at it the same way.
If you are afraid that your friends will find out, don’t be. The people we let know are your creditors, the government (for record keeping purposes),and your account receivables (people or businesses that owe you money). If you are being garnisheed, we will have to let the Court know to stop the garnishee, as well as your employer or bank (whomever has been served with the garnishee summons).
It may surprise you to know that the majority of people that file for bankruptcy proceedings are:
Employed
Educated
Earning good incomes
Own assets
The truth is that there are plenty of people who find themselves in desperate financial situations despite having initially had every intention of paying their creditors. Marital breakdown, reduced income, illness, failed business and the loss of a job can all propel even the most well-meaning consumer into a downward debt spiral.
If you have find yourself in a difficult financial situation and need help, contact our office today. We are here to help!
