The Benefits of Filing before the Holiday Season
It’s the holiday season—the “most wonderful time of the year,” according to the old song. But if you’re struggling financially, it can simply be the source of even more stress. The thought of filing for bankruptcy right before Christmas—now that’s a real downer. But there are a number of good reasons to consider doing just that.
Before we look at some of the specific benefits of seeking bankruptcy protection before the holidays, let’s change our thinking about bankruptcy. Contrary to what folks will tell you (most of whom have never faced the challenges you have), bankruptcy is not a sign of failure. The most common causes of bankruptcy are totally unforeseeable events, such as injury or illness, divorce or the loss of a job. Filing for bankruptcy takes courage and tells your creditors that you are willing to take the necessary steps to resolve your problems.
Now, let’s look at a couple of the benefits of filing before Christmas!
Have a Christmas Free from Creditor Harassment
When you file for bankruptcy, an automatic stay immediately goes into effect, preventing your creditors from calling, writing or taking any other action to collect the debt, other than through the bankruptcy proceeding. You won’t have to worry when the phone rings. You won’t avoid going to the mailbox. That alone can make your holiday season brighter.
You Won’t Be Able to Dig the Hole Any Deeper
The average American spends nearly $1,000 per person when giving gifts at the holidays and most of that spending goes on a credit card. If you file before the holidays, you won’t be tempted to rack up more credit card debt. If you try to discharge those debts right after Christmas, you may be out of luck, or potentially liable for bankruptcy fraud.
Contact an Experienced Rockwall, TX Bankruptcy Attorney
There’s no time like the holidays to get a fresh financial start. At the Law Offices of Carrie Weir, all potential clients are entitled to a free initial consultation. To arrange an appointment, contact my office online or call 972-772-3083. I handle Texas personal bankruptcy filings in Kaufman County, Rockwall County, Collin County, Dallas County, Hunt County and the surrounding counties.
