Cost of Not Filing for Bankruptcy is Staggering

A Chapter 7 Bankruptcy Costs with Our Firm Currently Costs $1,949 (does not include the Court filing fee).  And for that $1,949, bankruptcy will wipe out 100% of your eligible unsecured debts (most student loans excepted).  You cannot find a better financial investment anywhere in the world that gives you a return like bankruptcy does!  If you have $24,000 in credit card debt and you pay $1,949 plus filing fee for your Chapter 7 bankruptcy case, you just made a profit of over $20,000 tax free on your $1,949 plus filing fee investment! It doesn’t get any better than that!

Even though you might not be a mathematician, you do know that paying for a bankruptcy, which will only cost you $1,949 plus filing fee, will save you thousands and thousands of dollars over your lifetime.  And that’s the easiest math to help you realize that a Chapter 7 Bankruptcy is the smartest step you can take right now!  The following are tell-tale signs that it is time to consider filing for Chapter 7 bankruptcy!

♦ Your savings is disappearing and your retirement is next!
♦ You are killing yourself working overtime trying to just stay current!
♦ Your credit card balances keep going up!
♦ Creditor harassment is non-stop!
♦ Creditor lawsuits start appearing on your doorstep or in your mailbox!
Applications for wage garnishments are being filed!
♦ Your Credit Score keeps dropping lower and lower!

Every day you do not take action, interest is accruing, late fees are piling up, lawsuits are being prepared, and the phone just keeps ringing off the hook!  Bankruptcy can make all of that go away!  And faster than you think!

Believe it or not there is a cost to not filing for Chapter 7 Bankruptcy!  And it comes not only in the form of money, but also peace of mind of your family, your ability to retire comfortably when the time comes, and the physical and emotional stress you experience from all of the creditor harassment you have to deal with constantly.  You can’t put a value on you and your family’s mental health and well-being.  It’s priceless!  Chapter 7 Bankruptcy protects
your family from all of that and more, for just a fraction of the cost!

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Stop Paying for Your Past When You Should be Saving for your Future!

When you use all of your current earnings to pay off old debts that you know will never be paid off because the interest charges are so high that your minimum monthly payment barely puts a dent in the outstanding balance, you are taking away dollars that should be used to live on in the present time and dollars that you should be saving for your retirement.  What kind of a life will you have when your retirement is just a check from the Social Security Administration?

I can tell you that it is not going to be an easy one.  Remember, Social Security was never meant to be your sole means of support during retirement.  It was meant to help contribute toward the cost of living during your retirement years.  Without a retirement savings, you will either dramatically cut your standard of living or you will have to continue working well into your retirement years, or both!  This is the most dramatic cost of not filing for Chapter 7 Bankruptcy.

Being in Debt Beyond Your Ability to Manage that Debt is Extremely Stressful for Debtors and Their Families!

Not filing for bankruptcy exacts a very high cost from your mental state of well-being and peace of mind.  No one likes getting harassed by debt collectors and creditor law firms, either at home or even worse, at work!  You will constantly receive collection calls at all hours of the day and night without regard for the peace and quiet your home should provide.  The same goes for creditor law firms.  Their job is to take you to court and sue you for whatever balance you owe on the debt.  And even though you probably don’t remember reading the credit agreement you signed when you first established the credit account, nine times out of ten, the debtor is legally responsible for any and all costs of collection upon a default.  This can increase the amount you have to pay dramatically!

They can charge you pre-judgment interest, post-judgment interest, attorney fees, court costs, collection and late fees, marshal fees, and more.  And when they win in court, which they will, they will garnish your wages or take the money that you have out of your bank account making it even more difficult to live and plan for your future and the future of your children as well.  All of this can lead to problems with your physical and mental health, the health of your family, and the future of your family.  Being in debt over your head creates a level of stress within the household that takes a serious toll on everyone in the family, including the children.

Your Credit Score Will Actually Increase After You’ve Filed for Bankruptcy and will Keep Increasing when you Follow the Strategies in my e-Book that is included!

There is the cost of not being able to rebuild your credit score.  Continued late payments and high debt utilization level, along with judgments, on your credit report, will keep your score so low, you will never be able to afford a reliable car or a home for you and your family.

Unfortunately, we live in a society where our credit score has a big impact on our lives.  It affects the interest rates that we get from creditors, it may affect our ability to get a job, and it may affect your ability to get decent rental housing or buy a home.  The insurance industry now uses FICO scores to help them with their decisions to offer you insurance, set the amount that you will pay for that insurance, as well as correlating low FICO scores to health insurance underwriting!  They believe that people with low FICO scores are under more stress.  Stress that will land them in the doctor’s office for all sorts of ailments.  So they consider a low FICO score to be a negative underwriting criteria, and because of that, will make you pay a higher insurance premium to keep you and your family from losing your health insurance!

It is much more advantageous to file for Chapter 7 Bankruptcy and start rebuilding your credit score.  You will be able to get your score back up if you maintain good credit performance post-bankruptcy.  Because bankruptcy is considered a fresh financial start, it is also considered a fresh financial start for your credit score as well.  This won’t happen if you don’t file for bankruptcy.  And it won’t happen if you try and use those scam-artist debt settlement and debt consolidation services that you may have seen on television advertising late at night.

If you watch tv in the middle of night, it might be okay to buy that 3,000 piece knife set for 3 easy payments of $59.95!  But never be sold on the idea that you can afford any other type of debt relief, like debt consolidation or debt settlement.  Those concepts just repackage your debt, they don’t eliminate in the way that a bankruptcy filing does.  It’s easy to be fooled by those “non-profit” agencies, but the reality is that those debt-relief avenues rarely succeed!  A Chapter 7 Bankruptcy Filing by a CT-Licensed Attorney with experience in bankruptcy law is your only truly effective means of debt-relief.  In my opinion, debt-relief means you don’t have to repay the debts.  That you are free from the debts of your past, so you can have a real opportunity for a life free from the horrors of being hopelessly in debt!  Only filing for Chapter 7 Bankruptcy can give you that definition of debt-relief!

It never does and it never will!  And here’s a little secret that the “debt relief” industry (non-lawyers promoting something other than bankruptcy as a debt relief solution) don’t want you to now,  “There is no law that says your creditors must negotiate with you to lower the amount that you owe them or that they have to give you a payment plan so you can pay for half of what you owe and then some law forces them to get rid of any remaining debt balance!

That is the biggest lie perpetrated by the financial sheisters of the world to separate you from your money, and put it in their pockets!  Even if you don’t use our Firm for your bankruptcy, be sure to use another licensed bankruptcy lawyer to help you with your debt relief!  You have to promise me that, at the very least!  🙂  Deal?

So I think it is plainly evident that the cost of filing for bankruptcy is much, much lower than the cost of not filing for bankruptcy.  The decision is an easy one and you should consider these factors when making that decision.

Click Here to Schedule Your Free Over-the-Phone Consultation!

There is a Right Way and a Wrong Way to Get Out of Debt!
Bankruptcy is the Right Way and Here’s Why:

Just think!  You could have all of your unsecured debts (with some exceptions) completely wiped out for such a small sum of money!   So whether you have $10,000 in unsecured debts* or $100,000 in unsecured debts*, there is no other way to get out from under these debts than to file for Chapter 7 Bankruptcy, the cost of which is only $1,949 plus filing fee, regardless of how much debt you have!  But don’t wait too long to take action because the bankruptcy laws can change, and if they do, this opportunity for a fresh financial start may not be available in the future.  The Creditor lobby is very strong in this country and they constantly lobby Congress to limit the dischargeability of personal debts.  That’s why action sooner rather than later is advised!

*At present, student loans as a general rule, are non-dischargeable, so those debts should not be assumed nor included in the debt levels used for the illustrative purposes intended herein.

Chapter 7 Bankruptcy, the Fresh Start Bankruptcy, is by far the best way to get out of debt in the United States.  Don’t be fooled by all those debt settlement companies with their slick advertisements!  They are a rip off in my opinion.  And what they don’t tell you is that you’ll be paying for years, they charge an incredibly high fee, and any debt relief they secure for you will result in you receiving a 1099-C Cancellation of Debt tax form at the end of the year from each Creditor that reduced the amount it was owed, which you will have to include on your income tax returns as taxable income.  But debts discharged in bankruptcy are considered a “non-taxable event” by law, so no 1099-C, no taxable income to declare, and no increased taxes to pay when your debt relief comes from a Chapter 7 Bankruptcy filing.  So even if you don’t use our bankruptcy law firm to file your Chapter 7 Bankruptcy Case, whatever you do, do not use a debt settlement agency or debt relief program – as those organizations are all just a big scam!

Feel free to request your no charge over-the-phone chapter 7 bankruptcy consultation by completing the quick bankruptcy consultation request form on the right hand side of the page.  I’ll answer all of your questions and then you can make an informed decision about your next financial step.

Click Here to Schedule Your Free Over-the-Phone Consultation!