Facing extensive debt day in and day out can quickly begin to wear on a person in Pennsylvania, causing them to desperately seek debt relief. Two individuals in an out-of-state case recently found themselves in the red financially and thus decided to file for Chapter 13 bankruptcy. The husband and wife team co-own two restaurants.
A person may feel at a loss when it comes to paying down debt in Pennsylvania. Their constant efforts to get rid of debt may be of no avail due to inadequate wages and high interest rates on credit cards, for example. These individuals may qualify for a Chapter 13 bankruptcy filing, which enables consumers to finally say goodbye to stressful debt.
Living underneath the weight of credit card debt is the norm for many households in the United States. In some cases in Pennsylvania, the debt may be so great that a person considers filing for Chapter 13 bankruptcy, where they reorganize their debts and can save their homes from foreclosure. However, this may be reversed simply through the art of negotiation. A few tips may help a person to effectively negotiate with credit card companies in order to more easily pay off outstanding debt.
Divorce and bankruptcy have a very complicated relationship, which is either ironic or appropriate (we can't tell). In some cases, a bankruptcy filing may trigger a married couple to reconsider their relationship, thus sparking a divorce. In other cases, it may be the other way around: the divorce takes a financial toll on one of the spouses (or both), thus leading them to file for bankruptcy.