The holidays are the happiest time of the year, but they can also be the most stressful – especially if you are facing financial struggles. Most people are so busy that the thought of filing a bankruptcy case seems overwhelming to them. Additionally, many individuals think that if they wait to file a Chapter 7 or Chapter 13 until just before or just after Christmas, it will allow them to eliminate their credit charge purchases incurred when buying gifts. They may also believe that they can start the New Year with a fresh start, not realizing how long the bankruptcy process can take.
Unfortunately, filing a bankruptcy just before or after Christmas may not allow you to discharge the credit card purchases incurred while shopping for gifts. Bankruptcy laws may not allow you to eliminate debts incurred 90 days before your filing date.
So, what can you do if you need to discharge Christmas debt? Contact us to discuss the best timing of filing a Chapter 7 or Chapter 13. It is never too early to start planning your bankruptcy filing. We can help you create a strategy that will allow you to discharge the maximum amount of debt.
Don’t ruin the holidays by fretting over your money troubles. Contact us today to get a debt relief plan in place and have the peace of mind that you will start the New Year by taking control over your finances.
If you would like a down-to-earth approach and a lawyer who will listen carefully to all your questions and concern, call DeLadurantey Law Office, LLC, at (414) 377-0518. We serve clients primarily in the areas of student loan law, Chapter 7 and Chapter 13 bankruptcies, debt negotiations and defending foreclosure actions. If you live in the area of Milwaukee, Wisconsin, call us for the debt relief assistance you need. Visit our web site and like us on Facebook.