You file for Chapter 13 bankruptcy. You know that means that you're going to have to make monthly payments on the balance of the debt until you pay it back. Since you have a steady income, you know it's possible.
Odds are, if you're facing foreclosure, you knew it was an issue long before you got that first notice. While there are cases where people feel surprised that their home is being taken back by the bank, most people are well aware that they have been missing payments. They know the potential ramifications. They just do not feel like they have any other options.
Have you ever heard the term "boomerang buyer" applied to someone who is looking to buy a home? Have you been wondering what it means?
You look at the pile of bills and wonder just how you compiled all of this debt. And how you're going to escape it. It's clear you need a strategy to deal with all of your creditors and prioritize your bills.
Are you struggling to make ends meet every month? Has a medical emergency put you behind on other bills? Perhaps the company you work for has downsized and you had to take a pay cut or lost your job. No matter the reason for your financial troubles, there are options available to help you crawl out from under piles of debt.