Has Job Loss Left You Struggling with Mounting Debt?
When you are struggling with debt due to losing a job, creditors may not be sympathetic or forgiving. Even if your circumstances aren’t of your own making, any debts owed for monthly bills and other obligations still stand.
While it is often possible to renegotiate payment arrangements, debtors may still find it impossible to keep up without a wage. This can lead to further financial instability, pressure, stress and other negative impacts on mental health.
Stop Creditor Contact
When it comes to debt, you won’t have to wait long before creditors begin making contact. Even a single late payment can result in calls or chasing letters in many cases. Some companies are aggressive in how they pursue the repayment of debt, which can lead to debtors attempting to avoid contact.
Bankruptcy is one solution that can eliminate the stress of dealing with constant harassment from creditors. An automatic stay prevents creditors from contacting you in a Chapter 7 or Chapter 13 bankruptcy, which will give you time to breathe during the process.
Every debtor’s circumstances are different, so it is important to seek advice on your options from an experienced professional. A bankruptcy lawyer in Georgia can provide guidance on issues such as stopping foreclosure, loan modification, vehicle repossession and many other financial subjects.
The financial problems that lead to bankruptcy are often complex, so do not feel embarrassed to ask for help. At Gingold & Gingold, our team provides compassionate support throughout the process. We are dedicated to serving the people of Georgia with the tools and strategies needed to get out of crushing debt.
If you have lost your job and the bills are piling up, speak to Gingold & Gingold today. You can find light at the end of the tunnel with the right guidance and representation.