People in Florida who cringe at the thought of opening their email or physical mailboxes for fear of seeing yet more demands for payment by creditors are not alone. The stress that excessive debt can put on consumers may feel overwhelming at times. Instead of being able to consider filing for bankruptcy as a way of getting out from under a mounting mound of debt, some people are left swirling with no real options.
If you are in debt in Florida, and you are unable to see a way out, speaking with a credit counselor is a good idea. Counseling can help you in a number of ways, including setting up a budget to get you out of debt. However, choose a credit counselor wisely, as some can add even more debt to your bottom line.
Filing for bankruptcy may be just what you need to do to get your finances in order and otherwise regain control over your affairs, but you can also count on your credit score taking a serious hit after you do so. At Kingcade Garcia McMaken, we are well-versed in the methods many people use to start rebuilding credit after bankruptcy, and we have helped many clients navigate this and many other bankruptcy-related matters.
The main reason many business owners file for bankruptcy in Florida is that they have personal debts intertwined with their business debts. If this sounds familiar, then you may want to file for Chapter 7 liquidation bankruptcy in addition to, or in place of, settling your business debts in other ways.