Bankruptcy may seem like the end of your finances forever, but here’s how it could actually be a new beginning.
As a bankruptcy lawyer in Auburn and Opelika, Alabama, David S. Clark counsels numerous Alabama residents through financial hardship. While many understand the benefits of bankruptcy, it can be easy to allow negative thoughts to overwhelm you during these tough times.
Thankfully, despite how extreme your financial situation may be, you don’t have to face it alone. Here are a few myths about bankruptcy and how any Auburn or Opelika resident can find hope during these trying times from the experienced bankruptcy attorneys at David S. Clark.
DISCLAIMER: The following blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.
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Bankruptcy Means The End of My Finances Forever
Many Alabama residents believe that bankruptcy means the end of their finances forever. Yet, this couldn’t be farther from true–bankruptcy was created in order to provide another chance. Also, bankruptcy often occurs for greater reasons than failing to have your finances in order.
A sudden loss of income due to losing a job, unexpected expenses like hospital bills, or a miscalculation from the onset of a major purchase that leads to interest payments the client is unable to pay are all examples of events that can cause someone to declare bankruptcy.
It is important to remember that much like everything else in life, no one is perfect. Whether you made a drastic financial mistake or not, everyone is able to improve their financial skills.
Instead of believing this myth, take advantage of the resources provided to you during the process of bankruptcy like financial counseling, and learn how you can improve your situation today!
Bankruptcy Will Solve All My Problems
Bankruptcy is a mechanism within our legal system by which debtors can find relief from debts that they can no longer pay. However, it is a myth to think of this tool as the cure to all financial problems you may have.
Chapter 7 or 13 bankruptcy does mean a fresh start, but it is also important to confront the financial mistakes that led to bankruptcy in the first place. Foundational problems need to be dealt with by solutions outside of the scope of bankruptcy in order to avoid future financial mistakes.
An experienced bankruptcy lawyer like David S. Clark not only understands the complexity that often surrounds bankruptcy but can also point you in the direction of people that can help.
David S. Clark–A Bankruptcy Attorney That Will Fight For you
David S. Clark and his team of professionals understand the overwhelming nature that bankruptcy can present. While it may be easy to find information about the best course of action to take, what is actually true about bankruptcy, or ways to cheat the system–an experienced bankruptcy lawyer could be the difference in the future of your finances forever.
If you are an Auburn or Opelika, Alabama resident seeking the help of a Chapter 7 or Chapter 13 bankruptcy attorney, contact David S. Clark today!
DISCLAIMER: The above blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.