life after filing for bankruptcy
Advice on Post-Bankruptcy Recovery
There is no denying that suffering from the financial repercussions of an unstable economy, the aftermath of a failed business venture, or the financial ruin of an unexpected life emergency can be a painful, life-changing, and emotional experience. Being over your head in debt can hurt - it can make you feel like you've failed yourself or your family. Most importantly, it can make you feel as though there is no hope for the future.
If you are struggling with the burden of debt, do not think that you are alone at this time. Millions of Americans across the nation are dealing with financial hardships. According to the U.S. Bankruptcy Courts, nearly 15,000 Americans had filed for bankruptcy in the year 2013 alone.
No matter how big your debt, you must know that you have options at this time. Filing for bankruptcy may not be right for every person struggling financially, but it can lead to a life of debt-free relief. If you are struggling with unpaid debt and are considering filing for bankruptcy at this time, speak with our Maryland bankruptcy lawyers today. We would be happy to listen to your story and implement a working solution that can help you regain your footing and control over your finances.
There is life after bankruptcy! Call our Maryland bankruptcy attorneys today at (410) 670-4939 to learn more.
Myths About Bankruptcy and Post-Bankruptcy in Maryland
Filing for Bankruptcy is a Sign of Weakness & Ineptitude
This myth could not be further from the truth. In reality, individuals who choose to file for bankruptcy are doing something proactive to put an end to their financial woes. Filing for bankruptcy does not mean that you are financially or morally inept. Filing for bankruptcy simply means you are ready to move forward with a reasonable, long-term solution.
Filing for Bankruptcy Can Eliminate All of My Debts
Though bankruptcy can indeed eliminate nearly all debts, bankruptcy does not discharge all debts. Chapter 7 and Chapter 13 bankruptcy each discharge certain types of debts, including credit card debt, business debts, past due bills, collections, and other debts. To learn more about dischargeable and non-dischargeable debts, visit our Discharging Your Debt page.
Filing for Bankruptcy Will Ruin My Credit Forever
Perhaps one of the biggest misconceptions about bankruptcy, many struggling Americans fail to obtain the help that they need due to embarrassment or humiliation. Though bankruptcy will indeed remain on a credit score for up to 10 years, this does not mean that your credit score will be ruined forever. In fact, with the right support, information, and guidance, you can take steps towards recovering your credit score and living life debt-free - once and for all!
After Filing for Bankruptcy, All of My Finances Will Be Restored
Assuming that filing for bankruptcy will mean that your debts are "out of sight, out of mind" is one of the most costly assumptions you can make. Just because your debts are cleared does not mean that you won't have to worry about the possible repercussions. Failing to address the situation properly could cause you to never truly recover from the financial distress, or could cause you to never learn how to properly manage or budget your money for the long term.
Call the Law Office of Cricket Browne, LLC Now
If you are considering filing for Chapter 13 or Chapter 7 bankruptcy, do not wait another moment to speak with our team of bankruptcy lawyers. We can assess your current situation and determine if bankruptcy is right for you. We'll be at your side every step of the way, informing you of your rights throughout the process and giving you the right resources to create a better, brighter financial future.
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