John A Mc Laughlin Jr PC

Irresponsibility is not usually the cause of serious financial problems. Loss of a job, death of a loved one, illness and divorce can contribute to a significant loss of income and a reliance on credit cards to make ends meet. Instead, a decrease of income coupled with mounting debts is a recipe for financial disaster. Add to that, the misconceptions about bankruptcy, particularly the assumptions that the new bankruptcy laws will prevent you from a Chapter 7 debt discharge or a Chapter 13 reorganization, and you may feel like your financial burden is insurmountable.