Why are you scared to file for bankruptcy?

Sure, you may be in debt right now and feeling a little embarrassed, but you shouldn’t be. It happens to the best of us.

Sometimes, we feel invincible and feel like we won’t fall into the hole. We feel like we can spend how we normally do and everything’s going to be fine – it won’t catch up to you.

You may even feel like there’s no reason to save because you have nothing to save for.

These things happen. Sometimes we have to learn our lessons the hard way. But the good thing about living here in the United States is that we get a second chance.

There are a multitude of reasons you may be in debt right now

  • excessive spending
  • gambling problems
  • mismanaging credit cards
  • your car note is too expensive
  • you can’t afford your mortgage
  • healthcare costs are awful
  • so on and so on

However, for many of you, you’re in debt because you didn’t save your money wisely and now an unexpected incident happened, a costly one, and you weren’t prepared for it. These usually happen in the form of a job loss or a medical expense.

These unexpected incidents hit you so hard because you didn’t save enough money to prepare for them. I’m not blaming you – it can happen to any of us.

Bankruptcy, despite what you think, can be a beautiful thing.

How?

Your debt is consuming you and stressing you out. How are you going to pay off your debt? How are you going to pay these bills that keep piling in your household? How are you going to eat? Will you ever have control of your financial life again?

You can take back control of your life by making the decision to file for bankruptcy. By filing for bankruptcy, you can either discharge all of your debt through a Chapter 7 or can lump it all into an affordable 3-5 year repayment plan through a Chapter 13. In doing so, you’ll create a clean financial slate on which you can re-establish and rebuild your credit the right way by making lifestyle changes, saving and learning from your mistakes.

Memphis bankruptcy attorneyAt Darrell Castle & Associates, we have a great 14-week program to help you make these important changes. This program, “7 Steps to a 720,” will teach you:

  • how to rebuild your credit the right way
  • why most credit scores are wrong
  • which credit cards actually hurt your credit score
  • how to stop lenders that report the wrong information
  • how to re-establish your credit after a bankruptcy

Our experienced Memphis bankruptcy attorneys not only want to help you get out of debt through the bankruptcy process, but also want to help you recover from it. That’s why this program that offers invaluable lessons the banks don’t want you to know is offered free to our clients.

If you aren’t convinced on the bankruptcy process yet, have any questions or if you’re considering filing for bankruptcy, you can talk to one of our experienced attorneys free of charge by filling out the “Get in Touch” form below or by calling us at (901) 327-2100.