10 Warning Signs that Bankruptcy is Needed
Even though the financial crisis you are facing is unique to your set of circumstances, there are a few “red flags” we often see. If one or more of the following applies to you, call us and schedule your free bankruptcy consultation with our Bankruptcy Attorneys (Columbus, GA) and we will help you figure it out:
1. You are relying on cash advances/payday loans to make ends meet and can’t keep up with the payments.
2. You took out a title pawn on your car for short-term relief, but find yourself “rolling over” the note again and again.
3. You tried a “debt negotiation” program, but it failed to provide you adequate debt relief.
4. You can only make the minimum payments on your credit cards.
5. You are receiving harassing collection calls non-stop.
6. You are being sued on a debt that you cannot afford to pay or your wages are being garnished.
7. You are being threatened with repossession or foreclosure because you can’t make the payments.
8. You are paying your bills late or not at all because you do not have the money when they come due.
9. You have been denied additional credit.
10. You are stressed out by your financial situation and you don’t know if you’ll ever get some room to breathe.
Bankruptcy – Addressing Your Financial Past
When you have large amounts of old debt you can find yourself caught between two worlds; the present where you are trying to pay your rent, utilities, car payments and other living expenses – and the past, where you are unable to pay for old debts that you are now receiving debt collection calls from.
You only have one source of income, and sometimes that simply does not allow for you to cover both the present and the past. In the end, something has to give and you stop paying for the past so that you can live in the now. Due to aggressive debt collectors, however, not paying for your past can become an unbearable burden due to the constant debt collection calls.
Bankruptcy is a difficult decision to make. But sometimes it is absolutely necessary. Filing for bankruptcy will put an immediate stop to the stress you currently feel and give you something you haven’t had in years – time to catch your breath. The stress relief afforded by the automatic stay of the bankruptcy petition is REAL and POWERFUL.
Imagine getting your paycheck and not having to decide what bills NOT to pay. Imagine not having a physical reaction every time your phone rings. Imagine being able to have hope for your financial future.
Bankruptcy is not pain free. There are real consequences to a bankruptcy filing – however they are not near as severe as many would have you believe and are minor when compared to the overwhelming stress of crushing debt.
Filing bankruptcy takes courage. But the time has come to stop living in the past and plan a way forward. If you are caught between your past and present bills, give us a call today for a FREE no obligation consultation to speak with one of our Bankruptcy Attorneys (Auburn, AL).
Now or Later: When Should I File for Bankruptcy in Auburn, AL?
Timing is everything. This is especially true when it comes to filing for bankruptcy. Should you file now or does it make sense to wait? Let’s take a look at some situations when you should file now, and some when you should wait.
When You Should File Now:
1. You are behind on car payments and your car is about to get repossessed.
2. Your wages are being garnished or about to be because there is a legal judgment against you.
3. You are receiving an increasing number of collection calls.
4. You are being sued by a creditor.
5. You want to catch up on past-due mortgage payments and avoid foreclosure.
When You Should Wait:
1. You are buying a car and can get a favorable interest rate.
2. You are having surgery or other medical treatment in the near future and are unsure how much of the related costs will be covered by your health insurance.
3. You recently received a sizeable bonus from your employer.
4. Your marital status is about to change and you want to wait until the change becomes effective.
5. You recently gave away valuable property or a sizeable amount of money without receiving anything in return.
If you are wondering if you should file bankruptcy now or wait until another time, give us a call and our Auburn, AL Bankruptcy Attorney would be happy to discuss your specific situation and address your questions.
Need a Fresh Start with Bankruptcy in AL or GA?
Have you contemplated filing for bankruptcy, but you’re feeling ashamed about setting up an appointment to go and see a Bankruptcy Attorney? We encourage you to focus on addressing your debt by seeking a free consultation from our experienced staff! If you have mounting debt that you are not able to pay, bankruptcy can be a great solution to address it so you may start over. One of the main objectives of a bankruptcy filing is to allow the debtor to receive a FRESH START by having no more debts.
Message Bankruptcy Attorney Clarke Walker today for a discreet, confidential appointment. We will not judge you and there are thousands of Americans that file for bankruptcy every month. We’d love to help you! Are you ready for your FRESH START?
How Your Life Will Change After Bankruptcy in Auburn, AL
(1) You will rest easier
Many of our clients have told us that before they filed bankruptcy, they would lie awake at night consumed with worry. Will the collection calls ever stop? Will I be sued? Will my paycheck be garnished? Will I lose my car or my home?
While bankruptcy isn’t a cure-all, it will stop the collection calls, lawsuits, garnishments and threats of repossession or foreclosure that keep you up at night.
(2) You Will Regain Control
When you are drowning in debt, your life is out of control. You dread answering the phone or checking the mail. You might even agree to let creditors debit directly from your bank account just so the calls will stop. Then you lose control of your bank account because you aren’t sure when those payments will come out or if you will have enough money.
Bankruptcy takes the control away from the creditors and gives it back to you. Creditors can no longer call you to demand payment. They can no longer withdraw from your bank account and they can no longer garnish your wages. You have control of your income and your bank account without the fear of unwelcome surprises.
(3) You Will Avoid the Credit Card Trap
All too often, consumers will use one card to pay off another. You know you can’t do this month after month, but there seems to be no other way. It feels like an unescapable trap – your minimum payments are too high and the interest rates assure that you will never get out of debt.
Bankruptcy frees you from this trap. You will lose the ability to use your credit cards and this is a good thing. You will learn how to live on a cash basis and budget wisely.
After filing, you might get a slew of credit card offers in mail. Don’t be tempted. These offers come with astronomical interest rates. You don’t want to make your fresh start on the wrong foot – any debt acquired after filing cannot be included in your bankruptcy.
If you are ready to regain control and address you debt burdens once and for all, call our Auburn, AL Bankruptcy Attorneys for a free no obligation consultation.
Need to File Bankruptcy Quickly in Opelika?
Let’s be honest. No one wants to file bankruptcy. Even though, however, many times bankruptcy is the solution we need, we put it off until one day we get slapped with a collection lawsuit, wage garnishment, or even scarier, a foreclosure notice.
Once a creditor kicks things up a notch by filing a lawsuit against you there is a limited amount of time to act. With respect to debt collection lawsuits in Alabama, you have 14 days to answer District or Small Claims Court cases or 30 days to answer Circuit Court cases. If a timely answer is not filed disputing the complaint, a default judgment may be entered against you.
If you need the garnishment that is about to wreck your paycheck stopped and stopped now the best way to accomplish that is by filing a bankruptcy petition. A bankruptcy filing usually takes a fair amount of time to prepare, as a typical petition is a 45-60 page document with information on you and your financial condition.
When there is a pressing event like a foreclosure or wage garnishment, however, the bankruptcy court allows us to file what is known as an ‘emergency’ bankruptcy petition. With the filing of an emergency bankruptcy, we are only required to file the first few pages in order to receive a case number. The remainder of the bankruptcy schedules are due within 14 days.
Upon the filing of the emergency bankruptcy, the judge in your case immediately enters an Order that stops all collections activities against you – including wage garnishment, debt collection lawsuits and foreclosures.
So, if you just received notice from your employer that they will start taking out 25% of your next paycheck due to a wage garnishment, this can be stopped before it even begins by filing an emergency bankruptcy petition. We typically can help our clients file an emergency bankruptcy in only one day!
If you have received notice of a garnishment or debt collection lawsuit and have questions, please give us a call and our Opelika Bankruptcy Attorney will be happy to address them.
Overwhelmed with Debt and Contemplating Bankruptcy?
Are you overwhelmed with debt and needing a solution to address your financial problems? Sometimes individuals facing the need of a bankruptcy filing can feel embarrassed or ashamed that they have gotten themselves in a poor financial situation. At Carmichael Law Group, there is no need to feel that way for potential clients – no one in our office will judge you or past financial decisions made. We want to help you address your debt problems so they no longer negatively effect you both financial and mentally. Our bankruptcy attorneys offer FREE and discreet consultations at your earliest convenience and the consultations can be done by phone or in-office. Call us today to see if a Chapter 13 or Chapter 7 bankruptcy petition could be a great option for you. Take action TODAY to begin the journey of experiencing debt relief.
Use Your Tax Refund to Get out of Debt
It’s that time of year again: Tax Refund time! Hard work leads to taxes and if you are lucky enough to receive a tax refund of your hard earned money, the bankruptcy attorneys of Carmichael Law Group encourage you to use your refund wisely. If you are experiencing mounting debt due to missed credit card payments or a debt collector is threatening to garnish your wages, please know there is hope for a fresh financial start.
Chapter 7 Bankruptcy: Fast | Financial | Freedom
If you are relying on the payday loan cycle or have been sued by one of your creditors, without taking action nothing changes in 2016. Harassing phone calls and the continued threat of additional debt collection lawsuits could become your norm. If you are not able to meet all of your financial obligations, however, now is the time to consider whether or not you could receive a Fresh Financial Start through Chapter 7 bankruptcy.
Address Your Debt Once In For All
While using your tax refund to pay the attorney fees and filing fees to file a Chapter 7 bankruptcy is not as glamorous as purchasing a flat-screen TV or taking a trip to the beach, it could provide peace of mind throughout 2016 and years to come due to the fresh financial start provided by the eliminate of all your unsecured debt. Just imagine not owing ANY payday loan companies or having zero credit card debt. Stop the cycle of crushing debt and address it by using your tax refund to file Chapter 7 bankruptcy. The bankruptcy attorneys of Carmichael Law Group offer a free no obligation consultation and would be happy to discuss the benefits of Chapter 7 bankruptcy as it relates to your specific financial situation. Give us a call today at 334-737-6311 to schedule your free consultation.
Study Finds Bankruptcy Filing Increases Annual Earnings and Reduces Stress
Are you in the Columbus, GA area and find yourself experiencing mounting debt? If so, the bankruptcy lawyers of Carmichael Law Group LLC want you to know you have options to address your bill problems once and for all. Moreover, according to a study released in the National Bureau of Economic Research, economists Will Dobbie and Jae Song:
‘[E]xamine 500,000 bankruptcy filings in the United States to measure the effect of bankruptcy laws on consumers. They found that the bankruptcy code is an incredibly effective social insurance policy. According to their findings, getting approved for Chapter 13 bankruptcy protection ‘increases annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclosure rates by 19.1 percentage points.
The paper’s authors argue that bankruptcy protection helps workers earn more by removing the disincentive to work resulting from creditors garnishing worker’s paychecks. If a person’s wages are garnished to the point that it didn’t pay to continue working, they often decide to stop working altogether.
The study also found that bankruptcy helps people live longer, due likely to the fact that dealing with debt problems, rather than letting them fester, significantly reduces stress. Chapter 13 bankruptcy also allows people to stay in their homes because it is designed specifically to allow borrowers to avoid foreclosure.’
As you can see from the economist’s report, a bankruptcy filing could actually improve not only your finances but your health. For a free consultation, call our Bankruptcy Attorneys [Columbus, GA] today. We want to help you get the relief and peace of mine that you deserve.
Don’t Be Afraid To Seek Debt Relief
Have you contemplated receiving debt relief but are ashamed of setting up a consultation with a bankruptcy attorney? If you are seeing this video or reading this post……please give us a call or comment below. We will not judge you in any way but rather will arm you with power on how to address your debt once and for all. If you are experiencing problems with late or missed payments or your overall debt continues to grow month after month…..there is a better way. There is power in receiving debt relief!
We are proud to help consumers with Chapter 7 Bankruptcy and Chapter 13 Debt Consolidation. We offer free and discrete initial consultations to see what options will be the best for your situation. We would love the opportunity to learn more about your matter and develop a game plan to set you on the path to financial freedom.
Back to School and Out of Debt
A new school year can be a stressful and exciting for students and adults alike. We barely get into the swing of a relaxing summer before it’s time for school to start once again. A new school year brings a new routine; one that we all know too well with just a few changes year to year. We wake up, pack the kids’ lunches, make the kids’ breakfast, rush to make sure everyone is ready in time for the bus, and then get ourselves ready for work. Then in the afternoon it’s the grocery store, soccer practice, dinner, homework and bed so we can get up the next day and do it all over again.
Unfortunately, financial hardships can disrupt this daily routine. You could be preparing dinner or helping your children with their homework and the phone rings. It’s a debt collector yet again harassing you about the bills you are behind on and the money you owe. They threaten to disrupt your daily life and your routine with repossessions and foreclosures. You find it hard to concentrate on your family at home because you are constantly worried about the phone ringing or someone knocking at the door serving you papers to garnish your hard earned wages. Does this daily routine disruption happen at your home due to bill problems?
If so, we want to let you know that you do not have to live in fear of your creditors. The filing of a bankruptcy protection automatically stops your creditors from having the ability to continue debt collection efforts. With school already started back, you have enough to worry about and should not let debt collectors disrupt your day. Filing for bankruptcy will give you the relief you and your family deserve and allow you to get back to your daily routine. If you have any questions about your bill problems, please let us know and we will be happy to address them.
GET OUT OF DEBT
Are you already broke and you haven’t even started Christmas shopping for family and friends? If so, we NEED TO TALK. With the holiday season upon us, the last thing you should have to worry about is bill collectors calling you about mounting debt. If your bills are already piled up, give our Bankruptcy Attorneys [Columbus, GA] a call today. We proudly offer free consultations and can learn more about your financial situation and provide the best strategies to get you OUT OF DEBT.
Wouldn’t it be nice to begin 2020 without having to worry about debt collectors or the threat of wage garnishments? If this describes YOU, give us a call or speak with our web chat agents right now. The Columbus, GA Bankruptcy Lawyers of Carmichael Law Group LLC help consumers file Chapter 7 and Chapter 13 Bankruptcy petitions in the Middle District of Georgia and the Middle District of Alabama. We have office locations in Opelika, AL and Columbus, GA. We hope to hear from you TODAY.
Want to Experience Debt Relief?
Are you struggling with DEBT? We often speak with people who are behind on car payments or house payments or even those who owe back taxes to the IRS. If you are reading this and have some sort of debt issue that is causing you stress…..we want to speak with you! Often times our debt relief lawyers are able to come up with a solution to address your debt problems and take all the worrying away.
At Carmichael Law Group, we offer free consultations either in-office or by telephone. We want to help you address your debt problems so you can live a happier and more fulfilled lifestyle. Give us a call or chat with our online agents now. Take control of your life and get out of debt today!
