Life can be stressful when money that you owe goes to collections. You may be contending with phone calls and letters from debt collectors. Sometimes collectors can go to extreme measures to attempt to collect a debt. There is almost nothing more annoying than being woken up early in the morning by a creditor calling you, or repeated phone calls throughout the day. However, constant phone calls are not the only tactic some debt collectors resort to. You and other Wisconsin residents may wonder what is considered normal and what is unfair and abusive.
Wisconsin residents who need cash immediately or are recovering from a personal bankruptcy may worry that their borrowing options are limited. It can be tempting to listen to the promises made by payday lenders, which are often targeted toward those who just had a bankruptcy discharge or are struggling financially. You may benefit from understanding the potential dangers of payday lending.
Across Wisconsin, residents just like you consider filing for bankruptcy every year. In these trying economic times, it's not difficult for people to get in over their heads, especially with medical debts being such an epidemic problem recently. After you get back on your feet, one of the things you will want to focus on during recovery is learning how to keep yourself from falling into debt again.
Struggles with debt is a more common problem in Hayward than many may think. It may be relatively easy to fall into a situation (either through the loss of a job, a severe injury or illness, or other scenarios both in and out of one's control) where debt difficulties become very real; conversely, it can often be next to impossible for one to work their way out of such a predicament on their own. Personal bankruptcy may ultimately be one's best option at returning to a sound financial state.
At the Lein Law Offices, we know that Wisconsin residents often find themselves in dire financial situations from which they feel there is no escape. We also know that people can feel guilty or ashamed at the thought of resorting to bankruptcy to ease their financial burdens. If you are worried that you might be taking the easy way out by filing for bankruptcy, you might want to reconsider the outdated notion that personal bankruptcy is something to be ashamed of.
Wisconsin residents who decide to file for bankruptcy can then start to examine the two most common options. Chapter 13 bankruptcy is one of them, and it can have both benefits and drawbacks depending on a person's situation.
If you're dealing with debt that you cannot pay off, you've probably wondered about bankruptcy. Many people think of bankruptcy as a bad credit option or even a moral failing. The truth is, many people find that bankruptcy profoundly improves their financial situations and their lives overall.