Wednesday, March 29, 2017

Do you think you make too much to ever need to file bankruptcy?

"A Six-Figure Income May Not Shield You From a Shock - Monthly income and spending bounce around more than many people realize—or prepare for." Bloomberg by Suzanne Woolley;

Do you think you make too much to ever need to file bankruptcy?

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"Paying big medical bills had a lasting impact on financial stability. Many families have to turn to credit card debt to cover big medical payments. "A year after the extraordinary medical payment families still have 9 percent more revolving credit card debt and 2 percent lower cash reserves than baseline levels, according to the report." 

Think about hitting several of these stress months in a short period. It can start a downward spiral. Stuff happens and sometimes people need a break.

If you want assistance, legal representation, or just want to know more about Mark M. Medvesky or Wells, Hoffman, Holloway & Medvesky LLP, check out our website at www.whhmlaw.com.

#bankruptcy #Chapter7 #Chapter13 #MontgomeryCounty #lawfirm #BucksCounty #Pennsylvania

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