Filing for bankruptcy comes with some benefits
By: Darrell Castle
Roughly one-third of all Americans have a debt in collections reported on their credit. This figure, from the Urban Institute, implies what we already know – that many people are harassed by debt collectors on a regular basis.
“I’m not a deadbeat – it kind of sounds like I am – but I just got ill, and that was a long time ago, and I’m barely staying afloat. I wasn’t able to pay other bills either, and then I had no credit. I know that I’m getting close to losing it, which would mean going to a hospital and, you know, a recovery period.”
The quote above was from a struggling women in a New York Times story.
The woman owed several thousand dollars in credit card bills. The dialogue is part of a conversation between the struggling woman and the New York Times writer.
The writer, while interviewing a debt collector, was going through a trial run, making debt collection calls while the actual debt collector was supervising and critiquing him – explaining what he should and shouldn’t have said, plus declaring ways to falsely manipulate the debtor into making payment plan promises he or she couldn’t afford.
Most of these debt collectors could care less about the situation you’re going through. In fact, many of them are in debt themselves! This is just their job they’re working to get themselves out of debt, or attempt to.
The woman above, who was in debt because of an illness, is not alone. Medical bills and unexpected emergencies account for a big bulk of the debt in the United States. If you are considering filing for bankruptcy, or would like to explore other options around resolving your debt, please call a leading bankruptcy law firm Memphis, TN residents have been relying on for over a decade.
A Bankruptcy Can Help End That Creditor Harassment
There’s a way out though. You can avoid being harassed by debt collectors – especially debt collectors who are in debt themselves.
By filing for bankruptcy, you can discharge all of your dischargeable debt through a Chapter 7, or lump your debt into an affordable long-term repayment plan through a Chapter 13. In doing so, you create a fresh start for yourself AND you protect yourself from creditor harassment! Yes, when your bankruptcy is filed, all creditor calls must cease, legally.
Are You Considering Filing for Bankruptcy?
Contact an experienced bankruptcy attorney today if you’re struggling with debt. Don’t wait until it’s too late. Don’t let it get out of hand.
The attorneys at Darrell Castle & Associates will walk and talk you through the process. Our firm has received multiple Client Distinction Awards from Martindale-Hubbel for client satisfaction to back that up.
We don’t want to stop at the bankruptcy either, but we want to provide you with the tools to succeed after. That’s why we offer our online course, 7 Steps to a 720, that will teach you the tips and tricks the banks don’t want you to know in regards to rebuilding your credit score after a bankruptcy. This program is free for our clients.
To talk to an experienced attorney about filing for bankruptcy, call (901) 327-2100 to schedule a free consultation. Or, you can fill out one of the contact forms on this page.