Should You File for Bankruptcy?
Kim Basinger did it. Ditto for rapper 50 Cent. Francis Ford Coppola did it two times. Willie Nelson, Meat Loaf and Walt Disney all did it as well.
Even this country’s founding father, Thomas Jefferson has done it. Done what? They have all filed for financial protection through bankruptcy.
Not only celebrities and politicians but no doubt many Americans have considered bankruptcy as a viable option to money woes at one time or another.
But is it the best option? There are some guide-lines you may want to consider before ever declaring bankruptcy. Here are a couple things to consider:
Bankruptcy is too Expensive
Bankruptcy for typical consumer debt is rarely a good option, as the amount is typically low for such a drastic measure. Indeed, those mentioned above are all BIG-Money people and often use bankruptcy as part of their business strategy. They have financial advisors and legal maneuvers available to them that minimize the ramifications that you and I face should we file for bankruptcy.
You and I do not have these resources. If we file bankruptcy, we will end up handicapping ourselves financially for a very long time. First of all, a bankruptcy can stay on your credit report for up to ten years.
During this time opening new accounts or buying a home will not be an option and anything else we attempt to purchase will have to be cash only or we will end up paying exorbitant interest rates. These costs, added up over the next few years, while we are waiting for the BK to clear, may well be the same amount we filed for relief from in the first place or possibly even more.
Additionally, it may cost $2,000.00 to have an attorney sign-off on your filing. There are also the social ramifications too; lenders may look down on you and sadly, marriages have ended due to money issues that sometimes end in a bankruptcy filing.
Is There an Option?
If there was a way to rid yourself of debt, avoid credit counseling, avoid bankruptcy, avoid a ruined credit profile, and get a fresh start, all for a fraction of the cost of filing a bankruptcy, would you be interested?
There is a way. The Heritage Group has, for years now, assisted consumers with debt issues to avoid bankruptcy. For a fraction of the cost to file a bankruptcy, we have provided a service that eliminates the debt, deals with the creditors, effectively deals with the collection agencies (if they even enter the picture) and help them come away with clean credit profile with a healthy FICO score. All in a few short months.
Listen, things happen… job loss, pay cuts, medical bills, and any other number of unforeseen events can cause financial difficulties. Most people do not want to default on their debt. But if circumstances dictate, and there is simply no way to continue paying, you do what you have to do.
Here at the Heritage Group, we understand that. So, together with our law firm, we can help you eliminate debt, avoid the repercussions that typically happen when a debt is defaulted on and make it all happen in a few short months.
The reason this is possible is due to the way Creditors and Collection agencies conduct themselves. There is a straight-forward legal procedure for collecting debt; however these laws are rarely adhered to. This leaves the creditors and the collection agencies vulnerable to a law suit. These law suits will result in you being rid of the debt, no derogatory entry on your credit profile, and in some cases you will come away with a cash award settlement as well!
Enjoy These Benefits:
So, instead of laying out $2,000 to file a bankruptcy, and continually paying in terms of high interest, ruined credit score, and social shock, you pay about $800 over the course of a few months and these results are possible:
- Debt Is Eliminated
- Credit Is Not Destroyed
- Low Start-up Cost
- CASH AWARD MONEY
Please call us now at 805.619.5100 or use the handy form below for more information. You will be glad you did!