The holiday season is coming up, and that means that many families will cram into their local shopping centers and malls to buy their loved ones gifts. After many of these purchases, the customer will end up swiping a credit card through the card reader, and in doing so racking up some serious debt that they will have to deal with in the coming months.
There will also be many people that, unfortunately, deal with some medical emergencies over the holiday months. These trips to the doctor’s office, the hospital or the emergency room will also rack up huge amounts of debt for the affected individual, just like that credit card debt.
Credit card debt and medical debt: two financial matters that are prevalent over the holiday season, and two forms of debt that are very, very common among many people all across Cincinnati, the state of Ohio and really the entire United States of America.
When these forms of debt become too much to handle, many people turn to a bankruptcy filing to clear out these debts. A Chapter 7 filing will lead to the discharge of these debts, while a Chapter 13 bankruptcy will allow you to reorganize and repay your debts in a timely manner.
No matter what bankruptcy you choose, there may be legal hurdles and questions that you have about the process. This is where legal counsel may be necessary. If you are in need of an experienced bankruptcy attorney, please consult with the Law Office of Goering & Goering.