Whether a family is having a hard time paying for an unexpected health condition or someone cannot pay their bills because of a recent job loss, there are many reasons why people struggle with medical debt. In Pittsburgh, PA, it is crucial for people in this position to explore all avenues and try to eliminate their debt.
Financial stress that you have endured over months and years amplifies during the holidays. As the light at the end of the tunnel continues to dim, you see bankruptcy as your only option.
The stress debtors experience before and during bankruptcy usually makes a filing a one-time event. According to Debt.org, only eight percent have filed for bankruptcy at least once before.
Bankruptcy does not mean that the curtain has closed on your financial future. A reboot may be around the corner.
For far too many middle-class Americans, personal debt is a shameful secret that they carry with them every day. Their indebtedness covertly impacts many of their decisions, their interactions with others and even their concepts of self-worth.
One of the most persistent concerns expressed by those considering filing either Chapter 7 or Chapter 13 bankruptcy is the potential to lose most, if not all, of their assets. Often, the thing that those who are contemplating filing are most concerned about is their home. After all, a home is not only where you and your family live, it also represents your biggest investment.