New Tomorrow Law, APC

Bankruptcy Information

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Are bills taking too big a bite out of your paycheck?

Are you tired of sinking further and further into debt? Are you scared because the creditors are calling day and night and you don’t know what’s going to happen to you? To your credit score? To the stuff you own? Well, you shouldn’t be! This report talks about why.

Owing on balances you can’t afford is bad enough, so the last thing you need is a debt collector hounding you about it. Or filing a lawsuit that could result in garnishing your hard-earned pay. And don’t think for one minute that they’ll cut you any slack. These folks are in it to win it, and they want to make as much money as they can.

Whether you have fallen behind because of a layoff, health issues, divorce or even reduced income due to retirement, it doesn’t matter because the creditors will be coming after you to collect their money.

If you have a home mortgage and you miss mortgage payments, your interest in your home is protected by law, so the creditor has to go through a legal process called “foreclosure” in order to take your home from you and your family.

If you have a car and you miss payments, many states have what is called “self-help repossession.” So, if you miss a car payment, the car creditor (which is who you owe your car payment to) doesn’t have to do anything legally to take your car. He or she can simply send someone out to tow it away.

Then, you have things such as credit card bills, medical bills and other debts you owe with no property that would be lost if those debts aren’t paid. These creditors will go after your paycheck by sending your employer a wage garnishment.

A wage garnishment is where a certain amount of your wages every week can be taken away, by legal force (court order), in order to collect your debt.

Now, the best way to avoid all of these is to catch them before they happen. In other words, you know you’re behind on your bills because for one reason or another, you have debts you simply cannot pay and you know that in advance of any collection efforts.

Take Action While You Can!

So, the trick is to take action while you still can – while the decision-making power is in your hands and not with a debt collector.

There are steps you can take to protect yourself in advance of creditors taking your property. Let’s talk about those, but get ready to learn the secrets your creditors don’t want you to know!

You see, your creditors don’t want you to know that you have options for getting out of debt.  In fact, our credit system is designed to keep hard working consumers like you trapped in debt they will almost never get out of.  Well, it doesn’t have to be that way and here is why. . . 

When you find yourself in the awful position of not being able to pay your bills, there are several things you could choose to do, but some of them simply do not help as much as you would like them to.

Check out these articles to find helpful information for your personal situation:

Budgeting If you have some income left over after you’ve paid all your basic monthly expenses, you might be able to dig yourself out of …

Credit Counseling If what you really need is money management education or budget counseling, consider getting help from a credit counseling organization. These agencies can …

DEBT SETTLEMENT Debt settlement companies are for-profit companies that claim that they can eliminate consumers’ debts by negotiating settlements with creditors that are a mere …

CREDIT REPAIR A credit repair company is an organization that offers to improve your credit in exchange for a fee. The companies often promise to …

BANKRUPTCY Bankruptcy is an affordable and surprisingly easy federal court remedy that frequently allows debtors to get rid of their debt and start over without …

Top 15 Bankruptcy Myths Myth 1: Bankruptcy Doesn’t Really Get Rid Of Debt. Sooner Or Later, You Still Have To Pay It All Back. Right? …

Contact us today for a FREE consultation to see how you can debt out of debt and get your fresh start.

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