Stabilizing The Economy In San Antonio

Stabilizing The Economy In San Antonio

Stabilizing The Economy In San Antonio

San Antonio has been as hard hit by the Great Recession as any place in the state and country. Maybe more so. San Antonio bankruptcy lawyers report a large increase of people coming in seeking to reorganize their finances. San Antonio bankruptcy lawyers are on the front line of helping to stabilize the economy. It's a good thing that they are. Most San Antonio bankruptcy lawyers are seeing clients in their offices that just a few short months ago were solid bill paying citizens. But then they ran into trouble: maybe a job was lost, or there was an unexpected medical expense, or perhaps there was a mortgage that had an interest rate adjustment. Suddenly the college tuition could not be met, the credit cards cannot be paid or the house payments slipped beyond the due date. There are many things that can happen. Most of them unexpectedly. Many arrive in their lawyers office without a plan, and without a plan they are in trouble. It must be remembered that you must be your own best advocate. Your lawyer will help you, but you must tell him what you want to achieve or where to be in two, three or five years. Your lawyer may advise you to file Chapter 7 or Chapter 13 consumer bankruptcy. Chapter 7 has you selling most of your assets and paying off your creditors. Chapter 13 has you keeping some assets and working out a schedule to pay them off. Or your advice from your lawyer may be more conservative: get a second job, sell some toys, get on a budget. No matter what the advice, your settling your finances will help you on your start to a new and more secure financial future. Your lawyer is working with you and other people to help stabilize the local economy.

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