How Bankruptcy Can Help You Regain Control of Your Finances

by | Sep 25, 2019 | Business News

 Sleepless nights… Stressed out… Worried about the future… Always broke no matter how hard they work…Feeling hopeless about their situation.
This is what most people are going through when they are considering bankruptcy in order to get out of debt. The word “bankruptcy” often produces negative feelings because some people equate it with failure. They think that filing bankruptcy means they have failed and that they are admitting defeat. But nothing can be further from the truth.
Bankruptcy is not about failing; it’s about starting again and putting the past behind you so that you can move on to bigger and better things. A lot of creditors will lie to you when you’re in debt and tell you that bankruptcy is the ‘worst mistake’ you can ever make because your credit will be ‘ruined forever’ and that you will never be able to buy a car or house again. This is a big lie.
The truth is that bankruptcy is a fact of life. At one time or another, everyone experiences financial difficulties. When you’re in a situation where you have done everything you can to pay your creditors but nothing has worked, bankruptcy may be your only option so you can start a new life. And this is exactly what Congress intended when they passed bankruptcy laws. So, with bankruptcy, you get another chance. You wipe the slate clean and move on with your life, free from the burdens of debt.
Filing bankruptcy can help you regain your footing if you have lost control of your finances. If you are living your life without a financial plan for the future, you will never achieve financial security. So, you can say that bankruptcy is a tool that allows you to reorganize your finances so you can plan a better future for yourself and your family.
Ray J. Bulaon has been a debt relief attorney for more than 20 years and has helped more than 6,000 clients get out of debt. For more information, call his Valencia office at 661-775-4880 and online at

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