Are There Any Way To Avoid Declaring Personal Bankruptcy In The US?
Are there any way to avoid declaring personal bankruptcy in the US?
The short answer is that we can avoid declaring personal bankruptcy in the US by avoiding spending money on things we can't afford to pay for.
That's where the real solutions lie, not in trying to think of ways around the problem or how to make a bad situation better. There are a few reasons for this.
First, declaring personal bankruptcy in the US can have a devastating effect on your credit score, which in today's economy is a big deal. If you've ever wanted to buy a car or house, or even just get approved for a credit card, having bad credit could be a huge obstacle in your way. And even if you aren't planning on buying anything any time soon, you'll still want to be able to rent an apartment or even just get a cell phone plan without being turned down due to poor credit—a good credit score isn't just about being able to afford stuff right now.
Second, declaring personal bankruptcy in the US can have lasting effects on your financial life for years to come. While you may be struggling with bills today, and it seems like there's no possible way out, remember that when you declare bankruptcy you will be legally absolved from those debts—forever . You will be free from making payments or paying interest.
But if you can't avoid declaring personal bankruptcy in the US. If you're unable to pay back your debts, there are two ways to go about it: declaring Chapter 7 or Chapter 13 Bankruptcy.
If you have any questions or need a Bankruptcy Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
