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Bad Things Can Happen to Good People.
If you’re worried about your financial situation, don’t be embarrassed. You’re not alone. There are solutions.
Just get the best expert legal help available.
Bad things can happen to good people through no
fault of their own.
According to a Harvard University study, 42% of personal
bankruptcies in the U.S. are the result of medical expenses.
Interestingly, 78% of the filers had some form of health
insurance, bucking the myth that medical bills affect only
the uninsured.
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Leading causes of
personal bankruptcy
in the U.S.
Series1
There are legal solutions to overwhelming debt.
Bankruptcy can forgive some or all of your personal debt
and help you start over. If you are worried about your
financial situation, don’t feel embarrassed. You are not
alone. Just get the best expert help available. Boleman Law
attorneys are experts and the specialists in bankruptcy.
We only practice bankruptcy law and are the largest
bankruptcy law firm in Virginia. We can help you keep
your home, stop vehicle repossession or disablement,
stop wage garnishment and harassing phone calls. Since
1991 we have helped more than 50,000 Virginians back to
financial health.
Likely warning signs of financial problems.
• You are behind on your mortgage and don’t see a way to catch up
• You have resorted to payday loans trying to catch up
• You are using credit cards to pay off other credit cards
• You have missed one or more car payments
Job loss accounts for 22% of personal bankruptcies.
The loss of insurance coverage and the cost of COBRA
insurance also drain the job seeker’s resources. Not having
an emergency fund to fall back on worsens the situation.
Using credit cards to stay afloat can be disastrous.
Credit card bills, large mortgages and expensive car
payments all contribute to 15% of bankruptcy filings
under the ‘poor use of credit’ category. Statistics indicate
that most debt consolidation plans fail and usually
only delay filing. Home equity loans may precipitate
foreclosure if the borrower cannot make the payments.
The other 21% of personal bankruptcies are caused by
divorce, unexpected disasters including floods and
hurricanes, foreclosure avoidance and other causes.
Although student loans cannot be eliminated by
bankruptcy, some may file to obtain relief from other
debts so they can pay them off.
• You have collectors calling you at home and at work
• You cannot make your minimum credit card payment
Definite warning signs of financial problems.
• You have received official notice of foreclosure
• You have had your wages garnished
• You have had your car, your furniture or your appliances repossessed.
Is bankruptcy the answer for you?
If you have these warning signs, talk with an expert
bankruptcy attorney as soon as you can. Some people wait
too long to get help. Do not put it off. We are dedicated to
helping people get a fresh start and we will help you. Even
if you have only one of these warning signs, you should
consult a bankruptcy attorney immediately.
2104 W Laburnum Ave, Suite 201 (Interstate Center), Richmond, VA 23227 804.355.2057
2 Eaton Street, Suite 106, Hampton, VA 23669 757.825.5577
272 Bendix Road, Suite 130 (Convergence III), Virginia Beach, VA 23452 757.313.3000
BolemanLaw.com
Boleman Law Firm is a federally designated Debt Relief Agency. ©Boleman Law Firm, P.C. 2013. All rights reserved.