For many people, the financial hardship that comes with unexpected life events can be devastating. From job loss to medical challenges, it can happen to the best of us and, often, at the worst time. If you are experiencing trouble making ends meet or paying debts, you may want to consider filing for bankruptcy. Here are some reasons why bankruptcy can be your best choice for getting back on your feet:
You have nothing, but debt — It isn’t uncommon in today’s economy to have lost your job and find yourself with little to no savings to help make ends meet. Job loss is a terrible burden and can have devastating effects on you and your family. If you have no income or savings to cover your expenses and are at risk of missing debt payments, filing for Dayton bankruptcy can help.
You’re at risk of losing your house — Although the height of the foreclosure crisis has passed, many people are struggling to get out of mortgage debt and keep their home. If you have a second lien on your home, missed a mortgage payment, or are in an active foreclosure, filing for bankruptcy can put a halt to the foreclosure process and help you arrange a payment solution with your lender.
Your medical bills are never ending — With the costs of healthcare rising, the uninsured and underinsured are truly suffering under piles of medical bills. If you have medical debt that is a burden to your monthly budget, filing for bankruptcy can be one of the easiest ways to eliminate those bills.
If you are someone you know is suffering with financial hardship, contact a bankruptcy attorney Dayton Oh today. Your experienced attorney can guide you through the process to financial freedom.