Christmas Debt

We are bankruptcy attorneys located in Middletown, Ohio.

Did you know that half of all shoppers plan to borrow money to pay for Christmas.

Taking on debt isn’t the end of the world as long as it gets paid off promptly. But many Americans don’t seem to have such a fiscally responsible outlook: 36 percent in one survey said that buying presents for loved ones was more inmportant than sticking to a budget or not taking on more credit card debt. Retailers will be happy to note that of the 90 percent of Americans planning to buy gifts this season, almost a third of them (31 percent) approach the task with no predetermined spending limit. This is just what they want. Of course they are in business to make money, but does that really have to be at your cost. Once those monthly statements come rolling in, debtors may not be able to make the monthly payments. Cutting corners in other ares such as food and their utlities. Every time you go to the grocery store they’ve raised their prices again and many americans will be facing increased health insurance rates in the coming year.

All of this will add up to more people struggling to pay their living expenses, let alone their debt. Some may resort to pay day loans, which is a viscious cycle, once you pay them back you need to take out another loan because you have paid them all of your money and the same the next time you get paid!

We can help you file for bankruptcy. Bankruptcy may be the solution to your financial problems. At our office we offer a free consultation where you can sit down and talk to an experienced knowledgable bankruptcy attorney. He will be able to explain your options and you will know what you plan to do by the time you leave our office. Bankrupcty does not hold the old stigma of the past, in todays economy bankruptcy is quite common.

For more information check out our website at www.middletown-bankruptcy.com

If you are intersted in filing for bankruptcy contact our Middletown, Ohio bankruptcy attorney today.