Contact our Arlington bankruptcy lawyers so you may get the debt protection you deserve.
Our Arlington bankruptcy lawyers are concerned that most banks and credit card issuers may increase their required minimum monthly payments over the next 12 months and that this is may put many people in danger of default. They recognize that the new minimum must cover all fees and interest and pay down at least some of the outstanding borrowing, but our Arlington bankruptcy lawyers also realize that this move may double what people owe - and that may be too much for many to pay.
These rules on top of higher energy prices and higher interest rates may simply push many Americans deeper in debt. Our Arlington bankruptcy lawyers recognize that American households, on average, possess nearly eight major bank cards -- or 17, including store and gas cards. They also know that some 19 million households -- about one in six - now only make minimum payments on their cards. If these charges should double, many would simply have to go into default.
Individuals seeking to clear their debts through filing Chapter 7 should contact our Arlington bankruptcy lawyers. Bankruptcy laws call for financially troubled Americans to be subjected to a "means test" to determine their eligibility for a Chapter 7 filing. Generally, consumers whose incomes are higher than the median income level in their state, and who have disposable income of $100 a month that can be used to repay $6,000 over five years, may be pushed into a repayment plan under Chapter 13.
If you find yourself having trouble making your minimum payments, now may be the time to talk to our lawyers. Simply dial our toll free number, 1-877-349-1309. One of our experienced attorneys should contact you at the convenient time you schedule to provide a free, no-obligation consultation.
Old sayings and myths won't protect your future
Before today's hard economic times, people once looked at filing as a very bad or irresponsible thing to do. What they used to say simply isn't true any more.
Filing does not make you a bad person. Do you think it makes you a better person to avoid your creditors, ignore your bills, and drive yourself further into a debt hole that you'll never get out of, or to get a fresh start, take on new credit responsibly, and pay your bills on time?
Filing should not ruin your credit record and you should be able to get credit after your case goes through the courts. What may ruin your credit record is your inability to pay your debts on time. If you file, most of your debts may be discharged, and you may be given a fresh start.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.