Things you urgently need, in no particular order:
- Three days of sleep.
- A facial.
- A week on the beach.
- A massage.
- A pedicure.
- An experienced bankruptcy attorney.
So maybe there is a particular order.
After years of adulting and trying to manage being a single mom, you are really struggling. In fact, you are beginning to think that working with a bankruptcy attorney. In your younger days beach vacations, facials, massages, and pedicures were not common, but at least they were occasional. Since the father of your three children skipped town, however, you are at a loss for even to find a way to deal with getting enough sleep. Working one full time job during the week and two jobs on the weekend has only helped you barely keep your head above water. You now fear, that you are going to need to consider bankruptcy as a way to start over and get some relief from the debt that your husband has left you with.
Experienced Bankruptcy Law Firms Help Their Clients Get the Help That They Need
Answers to life’s most challenging questions are not always easy. If is important to know, for instance, that without the use of all of the available resources you may not even know how to proceed when it comes to challenging financial situations. Understanding the steps involved in a bankruptcy process, for instance, can be overwhelming is you are not in contact with an experienced bankruptcy attorney. If you have to find debt relief the process is never easy, but if you do not seek out the advice of an respected bankruptcy attorney you may not understand all of the options that are available to you.
The most experienced bankruptcy lawyers can help their clients understand the implications of both personal and business bankruptcies, as well as understand which options will provide the fastest relief. And while no one every plans to trade a former life of occasional pedicures and facials for a time when bankruptcy appears to be the only option, it is important to know that there are options available.
Small Business Ownership Comes with Many Challenges
When you first decided to open the sports bar, your entire family had big dreams. With all four kids grown and out of the house, it seemed like the perfect time to realize a dream that you had been considering for years. Construction and liquor license delays, however, kept you from opening for football season, and the slow summer when the college kids left town, however, were early signs of concern. The fact that the major investor threatened to pull his money just weeks before the next football season was an even bigger concern.You called the investor’s bluff and closed for a night, which resulted int eh investor coming into town and recommitting to the project. Two weeks later, however, you were unable to make payroll for the small staff and closed for three more nights while you tried to work out the details. Unfortunately, two of the unhappy former employees started circulating some unfound rumors about underage drinking and the quality of the food products being served. These complication lead to more closed nights and you now find yourself not open for what should have been the second football season of the sports bar.
With very few options left, you are forced to consider the options outlined by a local bankruptcy attorney. A life time dream appears to have gone up in smoke in less than a year, and you are left trying to find a way to reclaim some kind of normalcy.
Whether you are forced with facing the implications of a personal or business bankruptcy, there may be some comfort knowing that you are not alone. Consider these statistics:
- During the year 21013 alone, bankruptcies resulting from unpaid medical bills affected an estimated 2 million people in the U.S.
- How do I know when to call a personal injury lawyer?
- 333,626 Chapter 13 bankruptcies were filed in the U.S. during 2013.
- 8,980 Chapter 11 bankruptcies were filed in the U.S. during 2013.
- Chapter 7 bankruptcy takes approximately six months to complete.
- Chapter 7 bankruptcy stays on a credit report for 10 years after it is arranged.
- Although numbers can vary by state, Chapter 13 filings in Texas often cost less than $500 to begin a case.