Household Budget in Financial Disarray? Time for a Family Meeting About Debt
Debt is often a burden that we bear in silence, and understandably so. Most of us enjoy telling the world when life is good and we are feeling successful, but it is certainly no fun having to give a dismal report or tell anyone that we are unable to pay our bills. If you are in such a situation, and especially if you are head of your household, you may feel a sense of shame and embarrassment, and as if you are letting your family down. Because of that, you may feel like you cannot tell anyone, and the piles of unpaid bills may become your secret alone. Unfortunately, your family will probably begin to catch on to your distress, and it is better to be honest with them and forthcoming about what to expect before a process server shows up unexpectedly at the door with a summons and complaint.
One of the biggest reasons that you should discuss major financial problems with your family (assuming your children are old enough to understand the issues at hand) is that you may find yourself having to say ‘no’ much more than you would have previously, the budget may be extremely tight all the sudden, and there may be no wiggle room when it comes to buying something extra at the grocery store or heading out to movies on the weekends. You may have to cut back on all the extras for a while. If you are struggling like this, contact a skilled debt protection attorney from a law firm like Fitzgerald & Campbell, APLC as soon as possible. There are many options available to you, whether you may need to work on debt settlement and negotiating with creditors, or filing for bankruptcy.
It may be difficult to fill your family in on all the financial facts, but the upside is that you are also educating your children on life, and the realities of the ups and downs of finances, and how strong you have to be to turn things around. If you are served with a collection lawsuit, it will be imperative to file a prompt reply. If the situation has already gone beyond that and you have a default judgment granted against you, the situation is not optimum, but there is still time to turn it around.
Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, default judgments, and more. Let us review your case and discuss what would work best for you. We are here to help! Call us today for a free consultation at (855) 709-5788 or email us at email@example.com.