You’ve worked hard, and you’ve been with your employer for several years. You were shocked when your employer told you that they’d be shutting their doors. The business has always seemed busy, and it didn’t make sense that the business would have to close.
Regardless, you’re out of the job, and while you do have savings, the savings you have isn’t enough to support you for long. After a month or two, you may not be able to pay your bills.
Bankruptcy can help when life throws you a curve ball
If you lose your job and can’t find another one quickly, you might find that you’ve maxed out your credit and don’t have the financial support in place that you need to continue paying your bills. That’s when it’s a good time to talk to your attorney about bankruptcy.
While you have the best intentions, the debts can be overwhelming. Even if you find another job, it may be weeks until you get paid, and that pay may not be enough to help you catch up on your bills.
If this sounds like your situation, you can let your attorney help. Your attorney will take steps to make sure you know all your options before discussing if bankruptcy, either Chapter 7 or 13, is right for your case.
Bankruptcy can help you eliminate unsecured debts and plan for a more secure financial future. Our site has more about what you can do if you’ve lost your job and have overwhelming debts with no ability to pay them back immediately.