subject: When In Debt, Make A Financial Plan [print this page] When In Debt, Make A Financial Plan
Irving bankruptcy attorneys are very busy this time of year. Actually, Irving bankruptcy attorneys are busy all year round. The economy and the recession has seen to that. Irving bankruptcy attorneys are seeing many more clients year to date. It is a hard fact to deal with, in that there is a human toll involved in people reorganizing their finances. Many people arrive at their lawyers office in complete shock. They were solid, bill paying just a couple of months prior. They were making the mortgage payment, credit card payments and a college tuition or two on a regular basis. But then the economy took its toll. A job was lost or there was an unexpected medical expense, or their mortgage or credit card payments increased. Often, people try to hold out getting professional help, with the idea that it will somehow take care of itself. Usually, when things are sliding downhill it will continue to. Therefore, do not wait. Examine the probability that you will be able to repair your finances and take action if it is not a do it yourself job. Make a plan, because reorganizing your finances is not the end of the world. In fact, it is a beginning. But you must be your own best advocate. Your lawyer will help and guide you, but ultimately it is up to you to plan your future. Finding a lawyer is not hard. Ask your family or friends. You might be surprised how many of them have had to use an attorney to get their finances in order. If your friends or relatives have been lucky or smart, then check on the Internet. Most websites are fairly comprehensive in their details about an attorney's services and specialities. Once you talk with your attorney you may be advised to file Chapter 7 or Chapter 13 consumer bankruptcy. Chapter 7 has you selling your assets and paying off your creditors. Chapter 13 has you keeping some of your assets and setting up a schedule for repayment. Or your advice might be to sell some toys or get a second job. No matter what your path, your time with your attorney will help you on your path back to financial stability.
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