Recently, this blog discussed a survey regarding credit card debt. It found that about half of all Americans carry a credit card balance from month-to-month. There are many reasons for this, including the sudden onset of a medical condition and the loss of a job. Regardless of the specific circumstances at hand, many Texans who turn to credit cards do so because they are in need of financial resources to cover debts that can’t afford. While many make a zealous effort to pay these debts off, the sad reality is that it is often a debt spiral that can quickly get out of hand.
Trying to pay back these debts can leave an individual facing years, sometimes even decades, of financial struggle and uncertainty. These individuals may forego getting married, having children or buying a house. Yet others will end up being forced to sell their homes in order to pay off other accumulated debts. This cycle of debt can be stressful and worrisome. Yet, it doesn’t necessarily have to be. That is because an attorney who is skilled with personal bankruptcy may be able to guide these individuals through the legal process, thereby allowing them to come out on the other side with a fresh financial start.
At the Law Office of Gordon Mosley, we are adept at helping Texans navigate both Chapter 7 and Chapter 13 bankruptcy. We ensure that our clients fully understand what each option entails so that they can make the decision that they feel is right for them. Once that decision is made, we thoroughly prepare all bankruptcy filings and advise our clients as to how to conform to the legal proceedings at hand. As a result, we have helped a significant number of Texans shed their burdensome debt and acquire a newfound sense of relief.
Bankruptcy isn’t right for everyone, though, and each set of circumstances requires a close analysis to determine which, if any, bankruptcy process is most beneficial. Those who try to pursue bankruptcy on their own risk making mistakes that can have enormous consequences for their financial future. That is why many Texans choose to turn to skilled legal advocates like us for assistance in eliminating debt.