Birmingham Debt
Bankruptcy & Debt Consolidation in Birmingham, Anniston, Gadsden, Tuscaloosa, Talladega, and Walker County areas
Good people often find themselves in debt. It happens every day, to people in every walk of life. It is not hard to get there. All it takes is a crisis situation, like the loss of a job or a serious medical emergency. Or maybe it is debt that crept upwards, year after year, from using credit cards to buy things you did not have the cash to pay for. Or maybe it was a big purchase like a new car or a bigger house, things that maybe were just a little bit more than you could really afford, but you convinced yourself that you just had to have.
No matter how you got into debt, there is no question that it is easier to get into debt than get out of it. And the stress and anxiety that a heavy debt load creates are often more than you can bear. You find yourself awake well before the alarm goes off, wanting to pay your bills, but nothing has changed to improve that possibility since the night before. You have probably spent years paying, going through savings, maybe even retirement funds, and have even resorted to futilely trying to “borrow your way out of debt.”
Before you can fix your debt problems, it is important to identify their causes. Some causes of debt—a job loss or a medical emergency—are unavoidable. Others, however, can be avoided, but present strong temptations to many people. The most common causes of personal debt include:
- Medical emergencies: One trip to the hospital can create a financial disaster with debt that takes years to repay.
- Loans: Borrowing money for something you want or need is the easiest way to get into debt, or deeper in debt.
- Credit cards: The biggest debt trap facing consumers today. Most people have multiple credit cards and end up spending themselves into a mountain of debt.
- Gambling: A sure-fire way to get into debt and end up penniless.
When faced with a debt load that is bigger than your ability to manage it, it is time to ask for the help of a qualified bankruptcy attorney like Cindee Dale Holmes. She can review your financial picture with you and help you determine the most beneficial way to manage your debt. She has 22 years of counseling experience in both Chapter 7 and Chapter 13 bankruptcies, as well as business bankruptcies. She helps you explore both options and discover if one of these bankruptcy provisions may offer the relief you need from your financial worries.
Experienced Bankruptcy Lawyer – Cindee Dale Holmes
Please call or email the office today to make an appointment for a free consultation with Cindee Dale Holmes.
