Even though the United States Congress has managed to find a short term solution to avoid the fiscal cliff, what about us?
Many of us have already gone over our fiscal cliff. Even if Congress finds a way to raise the debt ceiling, it is unlikely they will help the rest of us solve our financial distress.
Consumerism is what makes our national economy grow and thrive. But consumerism, especially when put on credit cards, has resulted in an over-extension of millions of family's household budgets. Some of us have tried to extend our debt ceilings only to find the credit card companies are less likely to extend us more credit.
For many of us, however, going over our fiscal cliff had little to do with overextending our use of credit cards. Instead, we couldn't keep up on our basic expenses as a result of job loss or reduction of hours, a health care crisis, or the rapidly rising cost of living.
Whatever the reason for financial difficulty, you should look for both short-term and long-term solutions. This is where bankruptcy comes in.
For the short term, filing bankruptcy will immediately stop the phone calls, wage garnishments, and threats of repossessions or foreclosures.
For the long term, bankruptcy can give you a fresh start. A new beginning which will allow you to live within your means and begin to rebuild your credit. Call Azzinaro, Manni-Paquette PC today to discuss whether filing for bankruptcy is right for you! It's never too early to know what's available, and it may save you time, moeny, and aggravation to be prepared. 401-729-1600