Citizens of Garland have been exposed to the misfortunes of the recession just like the rest of the country. Just as in the rest of North Texas, there have been many jobs lost in and around Garland, Texas. As a result, sometimes folks are left with a number of different financial problems. When the job loss originally occurs, many families are forced to rely on credit cards just to make ends meet. Originally, the debt seems manageable. However, once interest rates kick in and the job is not replaced with the same income level then problems can escalate.
The credit card debt can continue to rise despite efforts to make the minimum payments. Sometimes this can lead to falling behind on the house or the car and facing repossession or foreclosure.
Filing a Chapter 7 or Chapter 13 bankruptcy may be the answer in order to save your financial situation. It is important to get the advice of an experienced bankruptcy attorney before it is too late.