Prudent Business People Caught in a Bad Economic Climate
For many who have spent a life accumulating wealth through sound investments and wise spending and saving habits, financial crisis the possibility of bankruptcy can be a frightening prospect. You have studied and worked hard to get to your current position within your chosen field and now wonder if you will lose it all.
You understand that bankruptcy filing no longer carries the stigma it once did, but that old feeling lingers when it is you who faces it. If you’re a financially savvy person simply caught up in the tide of a bad economy, it’s important to have an attorney to help you get back on your feet.
Helping Those Whose Incomes Are Tied to the Housing Market
Many professionals whose jobs are affiliated with the housing market — home builders, contractors, real estate agents and brokers, and other related business people — have ridden the wave of a burgeoning economy but now are facing real financial crisis:
- Perhaps your contracting company is incorporated but the banks make them personally guarantee loans. Now the market has collapsed and you are overextended.
- Maybe you are a successful real estate agent making a six-figure salary but have now seen your yearly income dwindle down to $30,000 per year. Now you are finding it hard to pay your mortgage.
Remember, if you hold professional licensure, filing for bankruptcy does not compromise your standing in any way. Rather, bankruptcy may make an intolerable financial situation better. You may or may not be eligible to file for Chapter 7 under the new bankruptcy laws, but Chapter 13 is always an option for you. Our firm can help you make the right decisions to get back on your feet.
Get out from under the weight of financial pressure. At the firm of George R. Belche, Attorney at Law, we are committed to helping professionals whose incomes are tied to the housing market deal with their financial situation. We look forward to helping you through the bankruptcy process from beginning to end. Contact us today for a free initial consultation.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."