Many Americans have debt. Many also struggle to pay off debt. In most cases bankruptcy provides much needed relief from debts associated with credit cards, medical expenses and loans. It can often be confusing, however, to determine if bankruptcy is the right choice. Ultimately, the decision of whether or not to file for bankruptcy is a very personal one and for those who are considering bankruptcy, it's wise to seek the advice of a bankruptcy attorney who can answer questions, review financial information and provide advice.
Filing for Bankruptcy Provides Relief and Freedom
The True Costs Associated With Debt
America is often heralded as a land of opportunity where those who work hard can have it all. While U.S. residents are certainly afforded many privileges and freedoms not enjoyed by citizens of other countries, the false notion that one can have it all leads many to make choices that ultimately result in a life spent struggling to get out of debt.
As Health Care Costs Increase, Americans' Credit Scores Decrease
In recent years and months, the state of the U.S. health care system has been the center of much public and political debate. While many New Jersey residents likely have their own opinions related to health care access and costs, few understand the reality of the situation until faced with a serious illness or medical emergency.
Views Related to Bankruptcy Change as Americans Continue to Struggle With Debt
In recent years, millions of Americans have experienced financial hardship. The economic troubles that began around 2008, gave way to rising rates of unemployment and underemployment which forced a growing number of Americans to rely heavily upon savings accounts and credit cards. For many middle class individuals and households, years of savings were wiped out and time previously spent taking vacations, eating out and purchasing goods at will were instead spent worrying about mounting debts.
