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Why You Should Act Now

If you encounter a serious financial crisis or find yourself unable to pay your bills and repay creditors, you may be unsure of what action to take. People often find themselves the victim of overwhelming financial obligations, but are paralyzed by the fear of what to do next. In some cases, they may fail to take decisive action to resolve their debts, and may find themselves hounded by creditors and facing further stress and frustration.

If you are in a difficult financial situation, it is important to remember that you are not alone, and acting sooner rather than later may help alleviate the stress you are feeling. If you are facing overwhelming credit card debt or other financial obligations, there are many options available to you, and an experienced bankruptcy attorney can help you understand and evaluate these options. For many individuals, the path to a brighter financial future may be through Chapter 7 bankruptcy, Chapter 13 bankruptcy, or debt negotiation.

Take Action and Start Fresh

By consulting an experienced bankruptcy attorney, you may be able to take decisive action to alleviate the burdens of harmful debt. The following are some reasons why taking control of your financial future now may help you in the long run:

  1. Deal with debt now, so you can save for the future. Right now is the prime-earning time for many people, and the sooner you can rid yourself of the burden of debt, the sooner you may be able to start saving up for retirement.
  2. Avoid the trap of using savings, 401k, and IRA’s to pay off debts. Many people make the mistake of using their valuable savings instruments to pay off unsecured debts. This action may not be necessary and may actually harm your financial future.
  3. Re-establish your credit. Bankruptcy may allow you to “cut the anchor” of debt that was holding you back from being able to make major purchases and live the American Dream. By filing for bankruptcy now, you may be able to start fresh with a clean slate and re-establish a positive credit rating, allowing you to do the things you’ve always wanted to do.

Contact Us

At the Law Offices of Stuart B. Handelman, we understand what you are going through, and we have helped others take action to resolve their debts. Contact us at 815-722-2201 to speak to a knowledgeable Joliet bankruptcy attorney about your options today.