Are you struggling with debt that you can no longer manage on your own? Do Ohio debt collectors and creditors constantly hound you at all hours? If you find yourself in this situation, you know how frustrating and overwhelming it can be, especially if you do not see a way that you can escape from this cycle on your own volition.
Financial struggles may be currently dictating the direction of your life, but there is a way out. Bankruptcy, while it may not seem like an attractive option, could make the harassment stop and allow you to deal with your debt in an organized and efficient manner. You owe it yourself to learn how a stronger financial future may be possible.
The best option for your individual situation
While there are other ways that you can deal with debt, bankruptcy may be the most appropriate choice for your individual situation. Chapter 7 is a popular choice for individuals dealing with unsecured debt, such as credit card bills or medical debt. This type of consumer bankruptcy allows you to enjoy the following benefits:
- Discharge of unsecured debt
- Cessation of all creditor contact
- Halting any repossession action
- Stopping wage garnishment
In addition to the above benefits, Chapter 7 bankruptcy allows the applicant to emerge from the process with most, if not all, debts eliminated. Over time, the individual will be able to rebuild his or her credit and begin to enjoy the benefits of a fresh financial start.
I am not eligible for Chapter 7 bankruptcy. Now what?
If you want creditor harassment to stop negatively impacting your life, you may be discouraged to learn that you are not eligible for Chapter 7 bankruptcy. This is not a setback, but could simply mean that you may be eligible for Chapter 13 bankruptcy. This type of bankruptcy also stops all forms of creditor contact, which will restore a measure of peace to your life as you deal with your debt.
A strong financial future is in reach
Many individuals dealing with overwhelming debt fail to see how bankruptcy could be the key to a stronger financial future. Whether it is a lack of education about the bankruptcy process or the presumed stigma that comes from filing for bankruptcy that is holding you back, it can be useful to seek a full understanding of how this choice might be right for you. You have the right to know your options and pursue a better, more secure tomorrow for you and your loved ones.