Sunday, July 22, 2012

The pros and cons of bankruptcy

Q: I have been unemployed for about a year and still have not gotten a job. I was paying my credit cards until a couple of months ago. My unemployment benefits stopped, and my savings are now gone. I have spoken with my credit card companies and most of them understand my situation. When I could make a partial payment, I did. But I received a collection agency notice yesterday on one of my accounts even though I made some payments to them.

Should I file for Chapter 7? The total amount I owe is about $50,000.

Read the answer at The Chicago Tribune

The Alexander Bankruptcy Law Firm provides low low cost Chapter 7 and 13 personal bankruptcies. $995 Chapter 7 or $2500 Chapter 13 bankruptcies plus court filing fee. Free consultation with a compassionate attorney who will handle your case personally. Call 24/7, available to meet with you around your schedule. 602-910-6812. Conveniently located in Central Phoenix along the Camelback corridor.

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