What Happens If I Do Nothing About My Debt?
In the face of serious financial challenges, it can seem like there are no solutions and no hope. If you are facing what seems like insurmountable debt, it is important to know that you are not alone and that you have options. Working with an informed and experienced professional, you can take back control over your financial future.
In fact, of all the options open to you, the worst one you could choose is to do nothing.
At Kingcade Garcia McMaken we know that often the most difficult step to take in ending your financial crisis is the first one. From our Miami office, our bankruptcy lawyers have helped more than 15,000 Florida families and individuals take that step and get relief.
Avoid The Consequences Of Doing Nothing
Debt and creditors will not simply go away on their own. They will only become more demanding and more aggressive in their collection efforts. Whether you have fallen behind on credit card debt, mortgage, taxes or car loans, you are far better off taking the problem head-on, even if you are unable to pay, than waiting for creditors to react.
Failing to do so won’t just impact your credit. You could also be facing:
- Litigation and judgments
- Garnishment of wages
Creditors have enforceable rights, and they will take action to protect those rights. What’s important to realize is that you have enforceable rights too.
Our primary bankruptcy attorney Timothy S. Kingcade is both an accomplished lawyer as well as a CPA, and he can help you find a way to act in your defense and best interest. The rights you have under Chapter 7 and Chapter 13 bankruptcy alone can help you discharge or restructure your debt to match your situation while often allowing you to protect the property most important to you.
What You Can Do To Get Back On Track
It costs you nothing to contact our office and schedule an appointment to discuss your bankruptcy options. We have proven tools to help guide you out from under insurmountable debt and put you back on the path to a sound financial future.