Although this is the time of the year when many families are preparing to celebrate the holidays, there are many people for whom this time of the year is anything but a joy. In fact, for families or businesses that are facing bankruptcy, appointments with a bankruptcy law firm is far more important than a meeting with Santa Claus.
Low cost bankruptcy attorneys are often especially busy this time of the year as both companies and individuals face the reality of a failed business adventure or a personal financial failure. If you are a person who is trying to find debt relief, then you know that times is of the essence. Every month that goes by is another 30 days when late fees and interest fees are piling more problems on to the difficulties that you already face.
Do You Find Yourself in Need of a Bankruptcy Law Firm This Holiday Season?
If you are counting bills rather than wrapping presents or you find yourself worrying about an upcoming foreclosure instead of a family Christmas menu, you likely should be doing everything you can to make an appointment with a bankruptcy law firm. Consider some of these facts and figures about the bankruptcy challenges that many Americans face, as well as the reasons that many people find themselves in such difficult situation:
- Unpaid medical bills affected an estimated 2 million people and resulted in bankruptcies in the U.S. during 2013.
- 333,626 Chapter 13 bankruptcies were filed in the U.S. during the year 2013.
- 8,980 Chapter 11 bankruptcies were filed in the U.S. during the year 2013.
- A Chapter 7 bankruptcy stays on an individual’s credit report for 10 years after it is arranged.
- A Chapter 7 bankruptcy typically requires nearly six months to complete.
- Although costs can vary from state to state, Chapter 13 filings in Texas often cost less than $500 to begin a case.
This may be a very happy time of the year for many people, but if you are one of the many people in this country who is facing bankruptcy, then you understand the importance of getting the legal help that you need sooner rather than later.