People find themselves in difficult financial positions for different reasons, but some are completely unexpected. For example, a business owner who has been struggling with declining sales may have been considering bankruptcy for quite some time. On the other hand, someone who is completely healthy (physically and financially) may find themselves in a completely unexpected position after suffering a serious injury.
Our law office knows that people across the state of Ohio who are hurt may struggle with various hardships, from missing work to being unable to pay medical bills. For some, bankruptcy is a great way to regain control in life.
In addition to the physical pain from an injury, serious accidents can also cause a considerable amount of emotional and financial pain.
Lost wages while you are recovering can be a huge source of stress. Depending on the severity of your injury, you may also be having to contend with the possibility of disability.
Medical debt on top of these challenges can be crushing.
Regrettably, this can lead to a negative cycle of financial difficulties, such as missing credit card payments, which can result in a burdensome amount of interest.
If you are going through any of this, it is crucial for you to regain control of your finances as soon as possible. Depending on your circumstances, filing for bankruptcy may be an ideal way to address these problems.
Bankruptcy is designed to help people when they need it most. It can’t fix the injury, but it can make the recovery from it, that much easier.