Forget about minimum monthly payments: calculate what it really takes to pay off your unsecured debt.  Ask yourself, can you realistically pay it all off within the next three years?  If the answer is no, filing bankruptcy may be right for you.  Right now.

If I have a legal right to discharge my unsecured debt in bankruptcy, what difference does it make if I do it today or six months from now?  For one thing, all those nasty phone calls from menacing creditors will come to a screeching halt.  Living a life of peace, free from creditors overwhelming you with constant phone calls is undeniable appealing. 

Filing right now will put you on the road to credit recovery without having to constantly screen your calls and look over your shoulder for those inevitable garnishment papers.  You won’t have to take undesirable jobs or switch jobs frequently to avoid the risk of your much needed paycheck being taken to pay creditors.  You can simply start over.  No questions asked.

If I wait and try to pay everything off myself won’t my chances of getting credit again increase much quicker?  Not necessarily.  The five or more years you are scraping by to pay off your credit cards you will not be able to get any additional credit.  This is especially true if you have a less than perfect credit score.  Comparatively, people who’ve filed Chapter 7 get inundated with credit card offers immediately after they get their discharge.  The credit doesn’t come with the best interest rates, but credit IS available.  So, instead of scraping by and wasting valuable years of your life waiting for a chance to get credit again, you can live comfortably and start rebuilding your credit worthiness WITH your new credit by filing right now.

The staff at our firm understands the urgency in getting you on the road to financial stability.  Call us with your questions and we will answer them to the best of our ability; more importantly, we will answer them immediately.