Like any significant life decision, especially one that may bring about notable discomfort, it is normal to waffle around before taking the step to undergo a bankruptcy. While bankruptcies are often not what people expect, they are still a significant event that carries a certain amount of social stigma, although this is fading slowly over time.
Feeling like you just can't keep up with the bills isn't a pleasant experience. You might decide one day that you need to do something about the overwhelming debt you are in. This is when you will have to make a decision.
When it comes to consumer debt relief, Americans considering a bankruptcy have two primary options — Chapter 7 or Chapter 13 bankruptcies. Although they both ultimately help a person discharge debt, they use very different methods.
Have you recently looked at your finances and asked yourself, "How did I get here?" Many people have found themselves drowning in debt in Pittsburgh. From long periods of unemployment to unexpected medical expenses, there are a number of reasons why people end up overextended and carrying a heavy burden of debt.
If you're considering bankruptcy, you're probably doing some research on your own to see what options you have. With bankruptcy, there's good news and bad news.
Each year, thousands of people initiate bankruptcy procedures. Unfortunately, many of these individuals don't truly get the most out of the process, either because they do not complete the requirements, or because they do not have proper guidance to help them identify nuances in the law that can work in their favor.
Once you decide that you simply can't go on living in debt, you have to decide what you are going to do about it. Bankruptcy is an option, but you still have to determine what type of bankruptcy is right for your needs.
If you're like most Pennsylvania residents suffering from debt problems, you're probably also getting harassed by creditors. This can create a great deal of psychological turmoil in your life, and in the lives of your loved ones.
Credit card debt piles up quickly. Perhaps you lost your job or needed to purchase a new furniture set and now don't have the hours earned enough to pay the debt. Maybe you put medical bills on your credit cards but are in over your head in debt thanks to high interest rates.
Getting diagnosed with cancer is a frightening experience. No matter your age, job, or financial situation, it's never an easy thing to cope with. For those with good medical insurance, the financial implications of cancer won't seem obvious at first.