How many of the following statements apply to you at this stage in your life and career?
_____ 1. I have several credit cards that I am paying on every month. I am current on payments and have never been late. However, I am only able to make the minimal monthly payments on each card.
_____ 2. I earn good money at my job, but I am finding that I must work more overtime hours in order to afford all my bills every month. Even with working more hours and earning more money, I am still struggling to make ends meet and often need to pick and choose which bills will get paid on time.
______ 3. I am a small business owner and have been adversely affected by the pandemic and the resulting economic pressures. I applied for and received stimulus money in an effort to offset the hardship in 2020 but am finding that I am still struggling to keep the doors open every month.
______ 4. I have been out of work for several weeks and I am drowning in medical bills. I have tried to set up payment plans with several of the creditors but they are demanding a higher monthly payment than I can afford; now they are threatening me with lawsuits and garnishments.
______ 5. I have been trying to refinance my mortgage and was instructed by the mortgage company that I had to be at least 3 payments behind before they could do anything for me. Now they are telling me that I am ineligible for refinancing and because I am over 4 months behind on payments, they are threatening foreclosure!!
If you have checked any of these boxes, then you may benefit from a bankruptcy filing. There is really no type of online quiz or survey that can determine one way or another whether you are a good candidate to file a Chapter 7 or a Chapter 13 bankruptcy. The only way to determine your eligibility is to consult with a bankruptcy attorney in your district who can assist you with assessing your current situation and helping you figure out the options that are available to you.
However, the important takeaway here is that THERE ARE OPTIONS AVAILABLE TO ASSIST YOU!! You do not need to live with the anxiety and dread of whether or not you will come up short on funds at the end of the month.
I have seen remarkable changes and growth in my clients after they have filed for bankruptcy. From what I have witnessed after assisting clients in the bankruptcy process for almost 20 years, is that a bankruptcy filing can return a sense of peace and serenity that has not existed in your life for a long time.
So if you are one of the many out there who are suffering from economic pressures and feel hopeless about your situation, then I highly suggest that you reach out and ask for the help that is available to you at this time. You deserve to have your sense of peace and serenity restored and to enjoy your life again.