If you are feeling overwhelmed by your debt, know that there is relief. It is unfair to yourself and your family to live under constant stress, and to wonder how you are going to make your next house payment, or even pay for your next meal. If this is the situation that you are in, filing for bankruptcy can give you the relief that you need.
Many people stoically say to themselves, “I got myself into this mess, so, I have to get myself back out of this mess.” There are two problems with this kind of thinking.
First, it is often impossible to get yourself out of the mess within a reasonable amount of time (the credit card companies have a stake in keeping you in over your head, so they make it a lot more difficult to get out of it). After only one missed payment, many people experience rising interest rates, late fees and collection efforts. You will be harassed by phone calls and letters and you may face lawsuits, garnishments, repossessions and attachments of property.
Second, this type of thinking excludes filing for bankruptcy as a solution to getting out of the debt.
The decision to file for bankruptcy and give yourself and your family a fresh financial start IS doing something to get you out of the mess, and it will stop the snowball of consequences from a missed payment in its tracks.
So many clients tell me that they feel badly for the banks who would not see any additional payments from them after filing bankruptcy. You do not need to worry about the banks. The credit card companies use interest rates (and high interest rates at that) to protect themselves. You have probably paid back the money that you used over the months and years of paying interest and penalties on the debt. The banks are huge entities that received government bailout money from taxpayers just like you. Please do not worry about the big banks- they are not worried about you.
Christian clients look no further than the bible to reconcile their feelings of guilt with their need for a fresh start. The Bible talks about forgiving people's debts every 7 years. It states:
"At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor of his brother, because it is called the Lord's release." (Deuteronomy 15:1-2).
Similar to the Bible, which contemplates release from debts every 7 years, the Legislature has developed Bankruptcy laws which allow people to be released from their debts every 8 years. This means that both the Bible and the federal government recognize that despite one's best efforts, they can get so burdened by debt that they are unable to get out without assistance. Further, the Bible and the federal government recognize a fundamental fairness to releasing people from burdensome debts and allowing them to get a fresh start.
If you are feeling the strain of the banks and their constant threats, while all the while they are making your life more difficult, and making it harder and harder to get out of debt by raising and compounding your interest, then it is time to call Seelinger Law at (814) 824-6670 TODAY to talk about the pros and cons of bankruptcy and if filing is the right choice for you.
At Seelinger Law, we understand that money does not grow on trees. We know that money is already tight. We are unique among the bankruptcy lawyers in the Erie area, as we offer payment plans. Call today at (814) 824-6670 to setup your free consultation and to allow us to tailor a payment plan that will work for your budget.
The world is a hectic place, but my office is a relaxed environment where I welcome potential clients to visit and talk to me about their financial problems, and discover and discuss all of their options. I will listen to your unique circumstances and help you to decide whether bankruptcy is the right choice for you, and answer any bankruptcy questions you may have. There is no obligation to sign a fee agreement, nor do I require you to bring money to your initial consultation.
My practice is focused on practical debt relief solutions through Chapter 7 or Chapter 13 of the Bankruptcy Code, while at the same time working toward recovery of a client’s credit rating as quickly as possible. Most of my clients start receiving new credit card offers within a few weeks of the bankruptcy discharge, and most will qualify for new vehicle loans right away as well.
Today's economic conditions have created hardship for many well-meaning, honest individuals and small companies. You may worry about foreclosure, eviction, or spiraling interest rates on your credit cards and you are not alone. Many other people are facing the same troubles despite their best efforts to help themselves. Seelinger Law is here to help. We have flexible hours and payment plans to help you with this process. Call (814) 824-6670 today for your free consultation.
5148 Peach Street, Suite 330
Erie, PA 16509
847 N. Main Street, Suite 003B
Meadville, PA 16335
322 N. Shore Drive
Building 1B, Suite 200
Pittsburgh, PA 15212