There’s never a good time to struggle financially, but debt hits even harder right now. Many folks have either lost their job or experienced income losses because of this global pandemic. A public health crisis of this magnitude is difficult to endure even when you aren’t in debt. Debt is difficult to endure even without a pandemic. Coupled together, there’s a sense of hopelessness that’s rippling throughout society, in every corner of the country.
Though bankruptcy is bigger than this moment—it’s a time-tested solution that existed before this and will be here long after it’s over—it’s particularly vital now. And its potential to offer hope is bigger than ever.
Everything that’s true about bankruptcy in ordinary times applies now. My book, The Life-Changing Power of Bankruptcy, has answers to some of the questions I’m frequently asked. If you give me a call, I’ll send you a digital copy for free.
Be cautious about scams.
In desperate moments, we’re more likely to reach for good news. Unfortunately, there are people out there who want to prey on that vulnerability.
When speaking to a debt relief or settlement organization, be cautious of the following red flags.
- Upfront fees before settling the debt
- Promises to help you benefit from new government programs
- Sweeping promises to make debt go away
- Little explanation of the program
- Resistance to sending you resources without personal information about your finances in return
- “Bait and switch” tactics like loan programs that requirement enrollment in a debt settlement program
Bankruptcy is a lasting solution that promises results.
I’ve never once, throughout my 30+ year career, seen serious debt resolve itself. Filing for bankruptcy is a big decision, so it’s understandable if you have doubts, or if you feel overwhelmed. I’m here to help you navigate the process.
Whereas short-term solutions are the equivalent of putting a band-aid over your financial problems, bankruptcy offers lasting change. It’s truly a way out, offering the second chance that may now feel impossible.
My wife and I have stayed in touch with many of our clients throughout the years, and we’ve watched them grow—as individuals and as families. Things that once seemed impossible—buying a house, sending their kids to college—became realities. Everyone deserves that fresh start, but too often, the stigma surrounding bankruptcy, and the fear that stigma inspires, interferes.
My book is here as a resource to help you explore your options. It will also help you to see that you’re not alone. Other people have been where you are, and they found the strength to work towards a fresh start. I believe you can do that too.
Call us at (901) 327-2100 and I’ll send you a free copy of my e-book.