You Have Options to Get out of Debt | thesavannah.org

You Have Options to Get out of Debt

The economy has caused many Americans to experience severe financial setbacks over the last few years. Many people have lost their jobs, fallen into debt, and even lost a home to foreclosure. When you?re deeply in debt and see no way to repay your creditors, you may feel that the situation is hopeless. However, there are ways you can get out of debt and start over with a clean slate. The best option in your situation may be bankruptcy. With a Chapter 11 filing, you will be able to discharge most types of unsecured debt like credit cards and medical bills. If you?re seriously considering bankruptcy, your first step should be to meet with an experienced Chapter 11 Attorney. Your attorney will be able to review your financial situation and determine if you are a good candidate for a bankruptcy filing. If so, your attorney will be able to guide you through the legal process every step of the way.

Source: http://www.thesavannah.org/business-finance/other-business/you-have-options-to-get-out-of-debt

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