There Is No Harm Or Shame In Seeking Shelter From One's Creditors

By Author: Mr Hua
Total Articles: 3
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In this day and age the economics of the United States is rather dire. Unemployment is at an all time high and many people have been laid off, or otherwise lost their jobs and finding alternative employment is proving extremely difficult.

Many others have lost their jobs and been forced to find alternative employment at a lower wage. Or one of the 2 spouses has lost their job. One way or another this has ended with many having to make ends meet on a reduced income.

This of course has led to a huge amount of hardship and many families are suffering badly. The big trouble with these hard times is that nothing has come down in price and the kids still need school clothes and fees. Growing children have large appetites and as for college fees and transport and so on and the fact is that once one has got used to living at a certain income level it is very hard to go back to living on less.

One will have a mortgage, Car repayments and various bills from credit card companies, clothing stores and the drug store bill. Also one gets bills from the city or town all of which are a constant drain.

It is thus ...
... not surprising that many are finding themselves unable to meet their debts and there appears to be little hope of recovering. Some have even pawned possession and been to loan sharks in the hope of winning the lottery or praying for some windfall. Well the chances of winning the lottery is 1 in 15million or so, someone will win it and it could be you but it is not a reliable solution to your financial hardship.

Pawning your prized possessions is a pretty desperate measure where you will never get more than a fraction of the items true worth and the chances of you redeeming your pledge gets more remote each passing week.

Loans from the loan sharks and payday loans and the like are similarly desperate and ultimately get you into more trouble than you are already in. The loan sharks are pretty nasty if you are unable to make the repayments.

There is an Attorney Allan R. Bloomfield in Queens in New York who has spent the last 20 years helping people who are in dire financial straits find legal ways out of it. The answer is often to file for bankruptcy under either Chapter 7 or Chapter 13.

When it comes to Bankruptcy Law Allan Bloomfield is an expert and can painlessly offer the best advice and assist you with the optimal solution for your situation.

In Brief Chapter 7 Bankruptcy will stop all the problems one has like Wage Garnishments, repossessions and the creditors hassling you. Under Chapter 7 certain of your possessions like your house and car may well be allowed to be retained and a plan is drawn up for rehabilitation.

Under Chapter 13 one may qualify if one has a source of income and where one can schedule repayments of non exempt property under Chapter 7.

Attorney Allan R Bloomfield is waiting to see how he can be of assistance to you.

If you're looking for Bankruptcy Law Bloomfield advice, make sure that you do not rush into a decision. Finding the right attorney to fit your needs is key. Visit http://www.bloomfieldlaw.com for more information.