The Single Mom's Guide To Financial Recovery: Understanding Bankruptcy And Other Financial Options So You Can Make Ends Meet When You're On Your Own - Softcover

Inhaltsangabe

From the Introduction: Leading a family on your own is tough. If you're recently separated or divorced, losing that second income can mean the difference between having money left over at the end of the month or running out of cash. When you have kids, too many times the child support checks just don't come and chasing them down isn't worth the trouble. The deck is stacked against you. I know. I see it every day.The car you co-signed for your son or daughter (or grandson or granddaughter) has been repossessed, or you're afraid it's going to be. Your home is worth half what you paid for it, and you're behind on the mortgage payments. You're current on your credit cards, but making the minimum payment every month isn't getting you anywhere. You've stopped answering the phone because caller ID shows you an unfamiliar number and you're worried it's a debt collector.Single moms bring these problems and more into my office every day. Their stories are filled with disheartening episodes of job loss, illness and injury, the struggles of their children, and decisions made after receiving bad or, perhaps worse, no advice. By the time we meet, they've tried everything: debt consolidation, using cash advances to pay down high rate credit cards, mortgage refinance, failed requests for hardship relief and, worst of all, invading a 401(k) or IRA to pay down bills. Visiting me is usually their last resort.It's for people like these clients that I created my video series Why Filing Bankruptcy May Be The Best Thing You Ever Do (www.bankruptcybestthing.com). In that three part series, I explain how filing bankruptcy will help viewers take control of their lives, understand where the money goes and improve their credit scores. As of the end of 2018, almost 60,000 people have watched these videos, and hundreds more watch every month. It's my hope that viewers facing money problems can begin to understand that filing bankruptcy can change their lives in a way they never thought possible.Some people believe that bankruptcy is the hard bottom of a terrible fall, but I don't. I see bankruptcy as the beginning of a climb towards a better life, a reconnection with the world and an opportunity for financial security.When clients come into my office for the first time they're usually filled with fear, anxiety and dread. By the time they leave, most clients tell me that a weight has been lifted off their shoulders and they can sleep at night, often for the first time in years. Knowing I can help these men, women and families overcome their seemingly impossible obstacles drives me to work hard for them. In these pages you'll read a few of the reviews for our firm that satisfied clients have left on Avvo.com, the most popular online lawyer review site.Getting yourself on good financial footing when you don't have help at home is never easy. However, if you're staring up from the bottom of a hole that's been dug for you by hospital bills, old taxes, bad mortgages, and astronomical credit card fees, getting to that good place will be much harder and take much more time. In some cases, your debt may be so debilitating that you'll never be able to get out of the hole without help. It's to help moms see that there can be hope in what feels like a hopeless situation that I wrote this book. If it's the right choice for you, bankruptcy can help you start to breathe easier for the first time in years. In the next chapters I'm going to show you how.

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