Win the lotto — Reality Check
Winning the lotto — I have to say that would be the best way to take care of bills you can’t pay and even if you never paid the debts who would care about your credit. You have money now, you can pay cash for that car house or just about anything else you want. But for most of us that is a dream and it’s not going to happen.
So back to the real world dealing with debts you can’t pay anymore. You have had the calls pay us now!!!! post date a few checks, You don’t need to eat, Ask your family for the money, If you don’t make the payment we will have to come reposed the car, Your monthly mortgage payment was a thousand will just make a monthly payment of fifteen hundred for a few months and catch up. If you could not make the thousand it hard to understand how they think you can make a 15 hundred. If you do now your behind on every thing else.
Bankruptcy laws are there for a reason, to help us when things go wrong. Lose your job or medical illness keeps you from making money. You fall behind on your debts. The creditors are not willing to wait they want their money now. If your mortgage, car and and credit cards are the issue the chapter 13 will help catch you up and the creditors have to wait to be paid over the next five years.
If your debts are just the credit cards and medical bills the chapter 7 will discharge the debts immediately so that you can start rebuilding your credit.
So like for most of us when you need a car or house we will have to use our credit, and the bankruptcy can put you on the path to higher credit scores.
Please fill out our free evaluation form to determine if bankruptcy is right for you.
