Bankruptcy

The prospect of declaring bankruptcy is a daunting one, and something you shouldn’t have to face alone. Whether you’re looking at Chapter 7, Chapter 11, or Chapter 13 bankruptcy, the attorneys at The Law Offices of David Kovari, PA can help you during this stressful time in your life.

Though it may be difficult to see past your current financial troubles, there is a light at the end of the tunnel.

Are you having trouble making ends meet? If so, you should know that you have options! Bankruptcy can be a great way to either eliminate debt entirely, or restructure your debt into a more affordable repayment plan!

Here are some signs indicating bankruptcy may be right for you:

• If you have to borrow from one credit card to pay another, this is a sign of financial trouble that needs attention!
• If creditors are calling and harassing you, or if you are facing foreclosure or a vehicle repossession, bankruptcy could be your lifeline.
• If you are being sued and your wages are about to be garnished, bankruptcy could provide you the fresh start you need.
• If you can only make minimum payments and can't pay much toward the balance of your debt, you should consider bankruptcy. It's a fast, permanent solution to get you out of debt.

If any of these signs are familiar to you, the Law Offices of David Kovari, P.A. can help!

In the last five years, over 2 million individuals filed for bankruptcy. Millions more are in serious financial jeopardy. Economists estimate that for every family that declares bankruptcy, there are seven more that should based on their debt load.

Credit card abuse, for the most part, is a myth perpetuated by the credit card companies. The truth is the majority of individuals and families in financial trouble can be directly linked to circumstances beyond their control: the loss of a job, a medical crisis, or a family crisis such as a death or divorce.

And while bankruptcy is one avenue for dealing with debt issues, there are other alternatives.

Whatever you decide to do, DO NOT FALL for "consolidation" or "credit repair" schemes.

Generally, letting a property go into foreclosure or conducting a 'short-sale' are both extremely harmful to your credit when considering your property status.