Sadly, thousands of families in San Diego and Chula Vista are still struggling
to recover from the economic downturn. There have been more than 20,000
bankruptcy filings in San Diego alone in a recent 12-month period, and millions more Americans are expected
to file in the next year.
One of the biggest myths about bankruptcy is that only irresponsible people
file. This is far from the truth. The increasing number of bankruptcy
filings has mostly to do with the financial crisis still going on in our
society. Media reports indicate that
medical debt is the number one cause of personal bankruptcy. Of course, declining incomes,
high unemployment, and increased divorce also force many people into bankruptcy.
These are hardly circumstances that make someone a bad person. The truth
is, when it comes to financial problems, nobody is immune.
While you can’t change the circumstances that got you into financial
distress, you do have options to get out of it. As scary as it seems to
most people, filing for bankruptcy may be the best option to get back
on your feet. The trap I see people fall into time and time again is that
their fears about bankruptcy hold them back from doing anything about
their financial situation. Or, I see people try measures like debt settlement
first, only to wind up in a worse financial situation down the road. I’d
much rather you speak to a
Chula Vista bankruptcy attorney about your options earlier rather than later so you can make the best
decision about how to go forward.
If there are alternatives to bankruptcy that would work for you, I would
be happy to discuss those with you. If bankruptcy is your best option,
it won’t ruin your life. Depending on which bankruptcy option you
choose, your debts could be erased in just a few months. Contact my office
at Denton Law Group at (619) 458-3739 for a free consultation.