For
the past years, so many Americans already concluded that the debts they
incurred over the last decade is very impossible to pay off all not unless they
win the lottery. History shows that when someone consider on filing for bankruptcy, they immediately think that Chapter 7 is the best selection. Simply
because Chapter 7 bankruptcy does not require any form of repayment and with
the bankruptcy discharged all debts are wiped out. In the earlier period,
bankruptcy passed a dishonour of failure or dishonesty. Many would tag someone
who has failed to pay his debts accordingly as liar or loser. Even if this
stigma if so far from the reality, no one could exactly predict the bursting of
real estate bubble and how the financial markets almost collapsed in 2007.
After
this horrifying event, filing for bankruptcy turned mainstream and stopped the
long accepted stigma. Experts believe that such stigma was even started with no
less than the credit industry. Because the creditors and debt collection companies
spend so much time trying to discredit the motives of why need to file for
bankruptcy.
If
you really want to consider filing for Chapter 7 because you want to reduce
your enormous debt, you have to weigh the positive points from the negative
ones. Because we are experiencing tough economic times, no one should lose financial
control and be buried in the quicksand of debts. Think carefully before you
leap some faith and go for filing for bankruptcy.
Winston I. Cuenant, Esq., is
a highly talented French speaking
attorney Miami who can extend his
helping hands to guide towards a successful legal battle. He can handle case in
real estate, civil litigation, filing for bankruptcy and more.
Please Contact Our Office +19547664271 for FREE
Consultation or visit us on
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