Summertime vacation bills coming at you

The vacation you enjoyed this summer and charged on your credit card is squeezing your budget vis a vis paying your rent or mortgage. Compounding this issue is you may have set up automatic bank drafts for bill payment and money is being sent out to pay bills automatically before you have time to adjust payments and payment amounts. The dominos begin to fall leading to a cascading debt balloon with no end in sight. Fortunately Chapter 7 or Chapter 13 may be a solution for you. Both bankruptcy filings eliminate unsecured debt such as credit cards, medical bills, cable bills Wifi expenses, check cashing companies and a myriad of other months collectors who harass and stay after you telephonically, via text message, email, a telephone for the express purpose of separating you from your income, savings, or windfall. Depending on your situation a Chapter 7 or Chapter 13 may be best for your situation. If you are behind on a car, and /or house a Chapter 13 is probably what you will file . Otherwise it will be a chapter 7 depending on your means test and disposable income. This often is the threshold determiner of Chapter 7 abuse or qualification. Bankruptcy is just a pure exercise in asset and liability disclosure. TK for BK