Finding Hope When Facing Bankruptcy

| Opinion | June 18, 2020

by Ray Bulaon

A lot of people end up filing bankruptcy when they get to the point of feeling hopeless about their financial problems. Despite what others may think, there is no shame in needing a second chance to secure your financial future. Bad things can happen to good people, as the saying goes. Sometimes, people simply make poor financial decisions, and the result is that they find themselves stuck in a financial morass.

The purpose of the bankruptcy laws is to legally give people that second chance that they badly need to put their debt problems behind them once and for all. Anyone who has fallen behind in debt payments understands the stress of dealing with relentless bill collectors who simply will not stop until they get their money. These are the professionals hired by the creditors who threaten and make you feel like a criminal. They spend all their time sending collection notices, making collection calls, filing lawsuits, and garnishing debtors’ wages. When these types of collection tactics accelerate, the misery they create can be devastating. This impacts not only your finances, but it can also affect your work and your relationships.

So, for many people, the decision to file bankruptcy is initially one of desperation. But once you understand the legal process and realize that things aren’t really as bad as you thought, the first glimmer of hope is felt. Once the bankruptcy case is filed and all creditors are notified, the hope takes hold and the feeling becomes one of immediate relief. With the filing comes an instant cessation of all collection efforts enabling you to finally breathe and live a normal life again. If overwhelming debt problems are keeping you up at night, this is exactly what you need, isn’t it?

If you see yourself in this scenario, then it is time to consult with a bankruptcy attorney who understands the complexities of the law and advise you on how you can protect everything you’ve worked so hard for, while getting out of debt in the shortest time possible.


Remember that bankruptcy is for honest people who have made honest mistakes. Life’s not perfect and neither are you. In a lot of situations, the debt is the result of unforeseen circumstances. If bankruptcy is in fact the best solution for your situation, the first thing you will discover is that hope can be restored in your life. Everyone deserves a second chance in life!

(None of the information herein is intended to give legal advice for any specific situation. Ray is currently offering free phone consultations to discuss your personal situation. Reach his Valencia office (RJB Law) at 866-477-7772 or (661) 775-4880. Website: www.familyfinancelawyer.com)

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