What if I Do Nothing?

There are many ways to deal with debt.  One of the easiest ways is to simply do nothing.  If you are unable to pay your debt, the creditor cannot simply show up at your door and start taking your property or start garnishing your wages without you knowing.  In order for a creditor to take any action, they will have to get a judge to agree that you owe them money.  In order to get it before a judge, the creditor will have to file a lawsuit.  This will be expensive and the expenses may or may not be ordered to be recouped by the judge.  The creditor will have to believe you have an unexempt asset or that you have a means to repay before they will commit good money after bad.

In any event, if you are sued, you will have time to respons to the lawsuit.  All of this aggravation is not going to satisfy your debts.  The most responsible way is to talk to a bankruptcy attorney to decide whether bankruptcy or some other form of debt management is right for you.  The initial consultation is free and it will be what you inevitably need anyway.  Contact us today.

Once you meet with a qualified bankruptcy attorney you will have the option to retain that attorney.  You can retain an attorney to help you with your debt for as little as $1oo.  At this point you will be able to direct all of the collection and creditor calls to our attorneys.  This will provide relief while you consider your options.  Contac Us Today.

Take a Note from the USA

Nobody manages their money better than the good ole' USofA.  Take a look at this graph.  http://caseyresearch.com/images/Federal%20Deficit%20Borrowing%203.jpg

Now think about how bad your finances are.  They are still better than the federal governments.  If the graph is any indication, there is a rocky road ahead.  Plan for the rocky road by starting anew with no debt.  Contact us today.

Another good way to calculate national debt is by determining how much the debt is as a percentage of GDP.  GDP is Gross Domestic Product.  GDP is all of the goods and services produced by the whole country.  The amount of national debt to GDP is higher than at any other time than WWII. http://macsmind.com/wordpress/wp-content/uploads/2009/03/national-debt-gdp.gif