The majority of bankruptcy attorneys have found ways to circumvent the new laws, and they must be working, as their advertisements continue to air throughout the night and day on radio and television. They still have enough customers to pay for their advertising, so business must be healthy.
If your debts exceed two times your annual income, excluding your mortgage payment, you should file for chapter 7 bankruptcy and start over. You should also consider credit counseling in order to avoid the bankruptcy merry-go-round that some individuals engage in.
Some individuals file for bankruptcy, then incur additional debts and file again within seven to ten years. This will no longer be as simple as it once was, and it is no way to live. Once you have filed for Chapter 7 bankruptcy, you must comprehend how to avoid falling back into debt.
Only one free pass is available, and the chapter 7 bankruptcy will be it. You need credit counseling in order to properly budget, avoid credit cards, and remain debt-free. This is the best course of action if you must pursue Chapter 7 bankruptcy.""
" - https://www.affordablecebu.com/
