Did you know that the average American household has over $8,000 in credit card debt? On top of that, many also have mortgage payments and multiple other personal debts. Debt affects people of all incomes and lifestyles, and once it starts, it can be difficult to get out of. For many, severe debt happens quickly, after saddled with a large amount all at once, such as a medical bill. Bankruptcy can sometimes get a bad rap, but it’s a blessing for those who have no way of getting out of debt. Filing for bankruptcy is how thousands each year are able to either cancel their debt or find a way to pay it off.
Deciding whether or not you should file for bankruptcy is a difficult decision to make yourself. If you’re struggling to get your debt paid off, you need to speak with a bankruptcy attorney to find out what the best route for you is. Attorney Jason P. Provinzano can help those suffering from debt in Lackawanna get control of their finances again through either Chapter 7 or Chapter 13 bankruptcy.