Are you buried in debt in Lucas, Texas? High interest debt, such as credit cards, revolving credit lines, and pay day loans, can quickly grow beyond your ability to pay. If you miss a payment, your interest rate can jump to 30% or higher in some cases. And once one creditor increases their interest rate, the others are usually right behind. Unfortunately, no matter how much you want to pay your debt and try to get control of your financial situation, you may not be able to, and you could be on a debt treadmill for years to come.
Admitting You Cannot Pay Your Debt Does Not Make You a Bad Person
Most of us have a preconceived idea about bankruptcy. It is a scary subject for many people. Perhaps you feel like it is admitting defeat or makes you a bad person. The reality is that millions of people file bankruptcy every year. They aren’t bad people. Bad things have happened to them which have prevented them from paying their debt. They may have gotten sick, lost a job, gotten divorced, or been injured and unable to work. Bankruptcy allows them a way to start fresh and to get back on their feet financially.
I Offer Free Consultations for New Clients
Once you admit the reality of your situation, you have taken the first step toward finding a solution. Federal law allows you a way of taking control of your finances. Bankruptcy is the one type of debt relief which is backed by federal law. You may be able to:
- Prevent your home from being foreclosed
- Stop your wages from being garnished
- Stop repossession of your car, truck, or motorcycle
- Eliminate many types of debt
- End lawsuits
Meet With an Attorney for Free
I am a Lucas TX bankruptcy attorney, representing clients in Lucas, Texas. I don’t charge a fee for meeting with clients to evaluate their situation. Please call to schedule an appointment with a bankruptcy lawyer.