Credit card debt can literally wear you out. The debt isn’t so bad, but ridiculous interest rates and over the limit fees and late payment penalties can make you feel like even if you are trying your best, all of your efforts are in vain. Most people turn to the Bankruptcy Code for debt relief if a major life event has occurred which has forced them to seek their debt relief options.
Most of the time we see people that have incurred one, if not more, of the following set of circumstances which caused them to borrow unsecured debt that they did not originally ever plan on borrowing: Loss of job, reduction in income, divorce, death, somebody got sick, somebody lost a job, the crappy economy and recession…etc…
You have to eat, and you have to feed your kids. When you have debt and you are forced into a situation where you need to seek your debt relief options such as debt settlement, Chapter 7, or Chapter 13 bankruptcy then you need a free initial consultation with an experienced financial attorney with the knowledge to give you the right guidance.