You Don’t Have to Live In Crisis. Get Help From a Leading Bankruptcy Lawyer.
Blame it on a board game. Many people’s idea of bankruptcy likely began with the top hat, the thimble, the racecar, the battleship, the wheelbarrow, and more.
As a young person, you may have marched these silver figurines around the perimeter of a game board and took your chances at becoming a real estate mogul on Broadway or going directly to jail without passing “GO.”
In the game of Monopoly, you either made all the money in the world or you were out of luck. But do you remember what it was called when you lost? You “went bankrupt.” No money left means game over.
As we grow up, we find that our perception of bankruptcy hasn’t changed much. When asked, most people indicate that bankruptcy means something similar to what it means in Monopoly.
However, the truth is that bankruptcy is not the end of the game, and it is not a failure. Your legal rights in the real world are far more compassionate and forgiving than a game. Bankruptcy isn’t a dirty word. It shouldn’t have a stigma attached to it. It’s your solution, and our bankruptcy attorneys near you can help.
The Unvarnished Truth About Bankruptcy
First, to understand the truth about bankruptcy, it’s important to know these three simple facts:
- Bankruptcy can get rid of your unsecured debt from medical bills, credit cards, and more. It will stop lawsuits from creditors, and even stop a judgment creditor who has already started garnishing your wages from continuing.
- Filing for bankruptcy with a competent attorney will mean that you don’t lose your home or other critical assets.
- You can reach a 700+ credit score and be eligible for a mortgage within two years of filing for bankruptcy.
All you need to do is work with a leading bankruptcy attorney, like Michael Wink at The Wink Law Firm. Our firm will help you view bankruptcy from a different perspective.
Consider this: we all get colds. We take medicine and we get better. Everyone knows which part is bad (the cold) and which part is good (the medicine). When it comes to bankruptcy, most of us think of it as the cold. We do everything we can to avoid it.
However, bankruptcy is actually the medicine. The cold, the problem, is out-of-control debt. Bankruptcy. And your credit is like you, it can get healthy again after being sick. Help from a bankruptcy lawyer enables you and your credit to get better. For example, you can become eligible for a mortgage two-to-three years after filing bankruptcy. Bankruptcy is an effective method to get free of debt when it’s too difficult to manage, and you’re ready to take action.
What About Working With a National Debt Consolidation Company Instead?
If you’ve ever come across a debt consolidation company, likely on TV, you know their typical promise: they will consolidate all your debt, so you can make easy, manageable payments.
At first, this may sound like a good plan. Instead of striving to pay the minimum balance on all your debts each month, you’ve reduced your monthly payment and can finally feel like you’re getting somewhere.
However, the bad news is that these consolidation companies don’t actually consolidate your debt. Instead, they require you to stop paying your creditors so that you can settle your debt for less. Then, they take your monthly payment – minus their fee – and split it among some of your creditors. The amount you are paying them – that “low monthly payment” – isn’t enough to satisfy your creditors’ timelines for when they believe they should be paid.
Soon, your credit gets worse and the creditors who aren’t getting paid will sue you. At the same time, you’ve gotten used to these minimal payments, so you haven’t been budgeting for when your creditors start demanding more. Soon, you’re unable to make the consolidation payments because the creditor who obtained the judgment against you is garnishing your wages or funds in the bank. Your debt consolidation’s program comes with this risk, but they don’t tell you about that.
What These Consolidation Companies Want You to Believe About Bankruptcy
Dishonest national consolidation companies would want you to believe the stigma that bankruptcy is “bad.” But who really benefits from that belief? Notice that these companies never mention bankruptcy as your solution. Why? The answer is obvious: your decision to work with a bankruptcy lawyer wouldn’t benefit them at all. National consolidation companies want you to take nothing more than tiny bites out of your debt because that means a longer relationship with them, and a longer relationship means more fees. And their fees are typically exorbitant – charging 25% or more of your total debt. They prefer that you remain under the illusion that bankruptcy should be avoided, so they can earn fees from your bias against filing bankruptcy.
Unlike national debt consolidation companies, The Wink Law Firm offers a full suite of debt relief solutions, including bankruptcy and debt settlement. Further, The Wink Law Firm will give you an honest assessment about the cost and feasibility of these options for your situation, and offer advice based on the most cost-effective option for you rather than our fees.
Worried About Stigmas Or Not, Financial Freedom Can Be Yours
No one deserves to live with the fear and frustration that comes with runaway debt. Worse, no one should feel afraid of a solution that can actually provide relief, just because society has misconceptions about it.
To be stuck without any help and to feel like bankruptcy means failure is a terrible place to be. But you can end your hopelessness and false beliefs and see bankruptcy for what it really is: a real answer that can help you get out of debt.
Work with Michael Wink, the leading bankruptcy attorney near you, to find out your options for bankruptcy, as well as debt settlement, tax debt relief, and more. Contact us online today for a free consultation, or call us at (720) 523-0620.