There are things in life that are beyond our control. In managing our finances, for instance, sometimes we find ourselves struggling and giving up other things just to get by. No matter how we try to manage it well, we sometimes reach to a point when we need to weigh things over and make major decisions. My husband lost his job in 2003. The plant where he was working for 10 years suddenly closed shop and nobody saw it coming. We were caught off guard. We had bills to pay, kids to support and other necessary expenses. There was no other way but to file for bankruptcy. A family friend gave us an idea about it so we decided to pursue it.
Bankruptcy would save us from these companies chasing us for debts we could no longer afford to pay, that time. There are a lot of benefits but we cannot deny that there are also lots of disadvantages. For many years, we had to bear driving old cars because no company would grant us car loans because of the dilemma of a bankruptcy record which we all know is a public record. If we are lucky to get loans in any form, most likely, we pay high interests too.
At first my husband tried not to hire a bankruptcy attorney but since we did not have enough idea about bankruptcy, we thought we would be better off hiring one because of the complexity of the law. We’re glad we did because it would have been a very slow and expensive process if we did not seek the help of a lawyer. Who knows, we might have not been approved. There are so many bankruptcy attorneys around but I suggest you pick the best that you can trust.
I am participating in a blogger campaign in behalf of Nevada
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