The holidays are a wonderful time for celebrating with family and sharing special moments with friends. Many holiday traditions include the giving of gifts, and, for some New Yorkers, it can be more fulfilling to give presents to others than it is to receive them. Some individuals may get so caught up in the process of buying presents for others that they lose track of just how much money they have actually spent.
An unfortunate number of people find themselves facing significant debt in the wake of the holiday season. Their spending habits may leave them with heavy credit card bills that they cannot manage without taking significant legal steps. Consumer bankruptcy, either through the Chapter 7 or Chapter 13 bankruptcy processes, can be an effective way for individuals to reduce their debt burdens and begin the New Year on stronger financial footing.
Spending is not the only way that a person may find themselves in debt, however. Unexpected medical bills, the loss of a job, or other unanticipated financial crises may force individuals to incur heavy loans or debts in order to make it through each day. Consumer bankruptcy can be an option for individuals facing these financial challenges as well and can, in some cases, provide them with a way to rebuild their financial health.
At the Law Office of Ronald V. De Caprio, a person will find a professional organization dedicated to assisting individuals in financial peril and helping them find solutions to their debt problems. Bankruptcy is one way that an individual may eliminate their outstanding financial delinquencies; other debt relief options may be available and those readers who would like to learn more about the firm are encouraged to visit our website through our consumer bankruptcy page.