As a crowded Presidential field tries to capture the support of Americans and make their way onto their party’s platform, talk of the economy and shrinking opportunities for the middle class is common. Overwhelming student loan debt, medical bills, and credit card balances are crippling many voters who find themselves stuck in jobs with wages that are not increasing. When the cost of medical care, college education, and even food and fuel, continue to grow, it should come as no surprise that there are many individuals, businesses and families who are struggling to get by.
Living from paycheck to paycheck, paying one credit card installment with another higher interest line of credit, today’s consumers are struggling. Is it any wonder then that more and more Americans are looking for a way to access a low cost bankruptcy attorney?
The Struggle to Find Debt Relief Is a Challenge for Many People
If you are someone who is stuck in a job that has no pay increases, you are likely struggling to keep your head above water. Even when you cut corners and costs, with the increasing cost of food, fuel, and other daily expenses it is difficult to see a way to the end of the week, let alone the month or the year. Fortunately, bankruptcy lawyers can help clients understand what options may be available. Bankruptcies resulting from unpaid medical bills affected an estimated 2 million people in the U.S. during the 2013 year alone, and many of these same problems still plaque families today.
As today’s current consumers try to dig their way out of the financial holes they have created, there are educators and investors who are trying to teach a new generation how to avoid the same problems. From high school personal finance classes to college exit strategies for students with loan payments that are soon to start, there are important times in life when education about limiting debt in the first place can be very effective.
And while bankruptcy attorneys may be able to help their clients with difficult financial situations, it is important to teach the next generation what can be done to keep out of debt in the first place. For a generation who may think nothing of stopping for a $5 coffee on the way to school every morning, it is important to teach these students about the overwhelming weight debt can have on your future. And although bankruptcies may be an option, it is important to remember that a Chapter 7 bankruptcy, as one example, stays on a credit report for 10 years after it is arranged.
Education in this country is a big dividing factor. Equality and merit are two different aspects of today’s education, but many people realize that there are many who do not enter their education on a level playing field. From the opt out movement of parents who do not want their children to take standardized tests to the idea that a group think that can be pretty intolerant, there are many times when the educational choices in some cities are very limited.
Instead of it being voluntary to take standardized tests too often during the school day, some parents are forcing the school district’s hand by opting out of tests that are ruling today’s classrooms. For parents to think that they have to be in the most elite schools and score the highest on tests can lead some children to future success. It can also, however, limit the opportunities of others.
Progressive schools in big metropolitan cities, the privileged are able to chose the kind of school they want for their children, even in a public school setting. The competition for being at the top is so intense, that it is damaging both the winners and the losers. Those who are getting the best education and the opportunities that will lead to success will find themselves having to live in a society crippled by those who have not had any of those advantages.
A bankruptcy attorney is an option for many, but the fact that so many are looking to this solution is a concern for the entire nation. What are you doing to avoid the need for a bankruptcy attorney?