As much as you may be avoiding it, filing for bankruptcy may be your best (and only) viable option for overcoming debt. Until you pull the trigger and start the process, you can expect the following to happen:
Creditors Continue to Hassle You
You can avoid picking up the phone line and even change your number, but creditors will continue to find ways to hassle you for their money. Even if the calls end, you can expect direct mail to your home, and even legal action.
Your Wages Will Be Garnished
If this hasn’t started happening already, you may soon learn how wage garnishment works. Rather than receiving your paycheck and choosing where and how to spend it, your wages may be garnished to make sure the money is going to the people who are owed.
Your Bank Account Will Freeze
Your bank will only put up with a lack of payment for so long before they seize your account and freeze it. This means that if you or your employer goes to make a deposit, the deposit won’t go through and will be unavailable. Your account will also be unavailable for any automatic payments you have set up, like phone bills or electric bills, too.
These are just a few of the things that can happen when bankruptcy isn’t declared when it should be. Let me help you get ahead of your debt sooner rather than later, by hiring me as your bankruptcy attorney. Give me a call at 316-263-6500 or 1-800-533-5454.