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A sluggish job market means increased personal debt.  Jobless consumers are obviously affected, but even those with jobs may find their wages frozen.  The situation will probably not improve anytime soon.  Maybe your family, or someone you know, is facing mounting personal debt due to a loss of income.  You know that you shouldn’t ignore your problems and hope that they go away, but you aren’t sure what you should do.

A rule of thumb is that if you owe less than $10,000 in unsecured debt (credit cards, medical bills, payday loans, etc.), you may want to pursue some sort of debt settlement agreement with the moneylenders.  If you owe more than $10,000 you may want to consider Chapter 7 bankruptcy protection, as that amount of money is really too large to pay off.

Chapter 7 bankruptcy can stop all collections activity, eliminate most personal debt, and give you a new financial start.  The professionals at Henley and Henley can walk you through every step of this difficult process.  Call today for your free consultation.