I Need Answers For: Job Loss And Unemployment
Job loss and unemployment are tough for most people to deal with. The slow economy has caused many good people to be laid off or let go, and many of these individuals have difficulty finding another job that compares to the previous position or even another job at all.
Job loss creates enormous pressures and significant stress on anyone. Even if you have a nest egg and emergency savings these can be depleted very quickly. Just because you have lost your income this will not stop the bills from coming in regularly. Living very frugally may prolong the inevitable but financial difficulties will eventually happen.
Sources Of Debt And Stress For Unemployed Individuals
When you have lost your job the debt can start piling up quickly. This debt can include:
Bankruptcy Can Help With The Financial Uncertainty That Job Loss Brings
Losing your job can be a big hit to your confidence, self esteem, and financial situation. The uncertainty that unemployment brings only makes matters worse, and you can feel like your debt is spiraling out of control with no end in sight. There is a solution that can help though, and the bankruptcy laws can help you get your life back in control and your debt managed once again.
If you have lost your job and are facing serious debt issues, or you are receiving threatening phone calls and letters from creditors, then bankruptcy may provide the debt relief that you need. Chapter 7 bankruptcy can eliminate most types of debt permanently so you get a new financial start and peace of mind. Every case is different and chapter 7 bankruptcy may not be the right choice for everyone. An experienced bankruptcy attorney can determine whether a chapter 7 bankruptcy filing is right in your individual circumstances or if another debt relief option is a better choice.
A friend of mine told me West & Hurley really knew their stuff about bankruptcy and that is why I chose them to represent me. Everyone treated me with dignity. They didn't make me feel any less of myself for filing bankruptcy. They treated me as a valued client. Whenever I had a question, the secretaries were eager to help me. I always felt satisfied and more knowledgeable in my particular situation at the end of the conversation. I think very highly of all the people at West & Hurley and would recommend their services.Diane Parthe
Me and my wife went though bankruptcy, it's been 6 months and we have a credit card and a 2012 bought new GMC truck. Richard West and Associates did an excellent job helping us file, and help us get our credit back on track. Our paralegal Lisa, did an excellet job helping us with our paperwork. We highly recomend filing with them, we had tried with a different firm, and they didn't help us in the same way, we are happy we had their help and expertise getting us back on track.Janie Wright
My wife and I filled for bankruptcy in 2008 with the help of West & Associates. Mr. West told us in our initial consultation that if we followed his advice and stuck to a plan we could rebuild our credit to a better state than it was before we filled. Though skeptical my wife and I worked hard on things like paying bills on time or early and building our credit little by little. By doing things like this and learning from past mistakes we were able to pay off our bankruptcy a year early and raised our credit score to just under 700 points. That is a 200 point difference from our score prior to getting help from West & Associates. We were also able to buy a new car 6 months after discharge with a very low interest rate. So when people tell you that filling will ruin your credit forever it just isn't true.Sherman Thatcher
I would like to thank the West & Hurley team for their hard work. They did an excellent job and were very professional. The staff was friendly and helpful. I will recommend West & Hurley to my friends.Christina Anglin
It was simply an easy process. They made absolutely sure I fully understood all of my choices. It was vital to me how they wasn't trying to sell bankruptcy since they also told me about other options like credit counseling as well as others. I felt like these people were taking care of My personal best interest...not just trying to find yet another client. I recommend them.A Google User