Texans who have to eagerly await their next paycheck just to make ends meet know the stress and worry that accompanies living paycheck-to-paycheck. There are many events that can force you to live this way, including the loss of a job, cut hours or unexpected demotion. The onset of an unexpected medical condition can also leave you struggling to get the money you need to pay the bills. Once you start falling behind on these bills, the overdue notices can quickly snowball, leaving you in a hole that only seems to get deeper and deeper.
As previously discussed on this blog, many individuals who find themselves in this position turn to payday loans that carry astronomical interest rates. These loans can lead to even more financial trouble, but so, too, can other methods of lending, like credit cards. Regardless of where they originate, interest-based loans can quickly leave you overwhelmed. These loans are best used to bridge a temporary financial shortfall, but far too often they have to be utilized time and time again.
If you’re finding yourself being sucked into a debt spiral with no sign of escaping it through hard work and grit, then it may be time for you to consider the debt relief options that may be available to you. Amongst these options is Chapter 7 bankruptcy, which allows for the discharge of certain debts after liquidation of assets. To successfully file for bankruptcy, though, many Texans need the assistance of a skilled legal professional who is experienced in this area of the law.
The Law Office of Gordon Mosley has extensive experience handling all kinds of debt relief cases, including Chapter 7 bankruptcy. We understand the pressures indebted individuals face, which may include foreclosure and repossession. We also know the common pitfall in the bankruptcy process, which is why we diligently work with our clients to ensure that they reach the best possible outcome given the facts at hand. Those who would like to learn more about our firm and our record of success can continue to explore our website.