Stop Receiving Annoying Collector Calls and Eliminate Credit Card Debt by Filing Chapter 7 Bankruptcy!

Stop Receiving Annoying Collector Calls and Eliminate Credit Card Debt by Filing Chapter 7 Bankruptcy! """When people become independent, typically at age 18, they tend to do a lot of things and purchase a lot of items. This is made even simpler by the fact that credit card companies now offer them credit cards. With a credit card, they can buy whatever they want even if they don't have cash, so they have a tendency to purchase non-essential or """"emergency""""-related items.

Such spending demonstrates a clear lack of awareness regarding the dangers of credit card abuse, as spending excessively with little or no plan to repay the debt is extremely risky. The greater the number of unpaid invoices, the greater the likelihood that the debt will balloon. Once the quantity becomes unmanageable, the debtors will be in a dire financial situation. Extreme financial difficulties are the primary reason why so many individuals file Chapter 7 bankruptcy.

Creditors take note of debtors with enormous debts and few or no payments, so they begin to call and exert pressure on the debtors to pay. When the debtor is unreachable or refuses to pay, they attempt to contact a friend or relative, and may even call during religious hours. Occasionally, they even scream or threaten the person to obtain payment. Obviously, the way to stop such creditor pressure is to resolve the amount owed, but if a person cannot pay or does not have sufficient funds to pay the inflated amount, Chapter 7 bankruptcy is an option.

However, filing for bankruptcy is not for everyone. The individual must first pass a ""means test"" before becoming eligible. If the individual's income exceeds the average income for a family of that size, the court may discharge the case. When the individual has not met other legal or civil obligations, such as delinquent taxes, criminal restitution, child support, or student loans, to name a few, the bankruptcy may be dismissed.

Therefore, it is preferable for a person to consult with an attorney prior to initiating Chapter 7 bankruptcy proceedings. Thus, they will know in advance if they are eligible and if this is the optimal solution to their debt issue. The majority of professional bankruptcy counselors offer free consultations, so there is no need to fret about meeting with one and incurring fees. When a person attends a free consultation, he or she begins a significant journey toward resolving the debt problem and preventing a recurrence of the issue.

When contemplating bankruptcy, you desire assurance that you are making the correct decision. Get a FREE, Confidential Bankruptcy Evaluation before filing for Chapter 7 bankruptcy.""

" - https://www.affordablecebu.com/