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Simon, Fitzgerald, Cooke, Reed and Welch
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Misguided debt relief information may worsen financial problems

One of the most important things a Louisiana resident can do when facing serious financial crisis is research state laws regarding debt alleviation options. It's also crucial to make sure one fully understands any and all implications of a proposed alternative debt relief plan. Some people in the past have met with further frustration beyond their initial financial problems when they mistakenly thought debt settlement was a better choice than bankruptcy.

Breathe a sigh of debt relief with one of these options

Even when the Louisiana economy is strong, the average resident may run into financial trouble at some point in life. Various factors contribute to such problems, with no two situations being exactly the same but with many having some issues in common. For instance, loss of employment tends to create almost immediate money problems for many people. Sometimes, serious financial crises may prompt people to seek immediate debt relief options.

Some say Sears in serious need of debt relief

Louisiana baby boomers may fondly recall paging through the Sears catalogues that would arrive at their doors on occasion in their childhoods. The department store mogul is reportedly hanging by a thread financially, and some say the company is in serious need of immediate debt relief. In fact, a hedge fund connected with ESL Investments Inc. has apparently loaned Sears more than $1 billion in the past several years.

Hoping debt relief comes before a creditor calls again?

Anyone facing current credit card debt or other financial problems may relate to the phrase "ringing off the hook" where their telephone is concerned. Incessant calls from creditors can cause someone to become desperate in the need for immediate debt relief. However, some Louisiana residents may not know that there are actually federal laws governing what creditors can and cannot say or do in their attempts to collect debts.

Companies accused of widespread debt relief crimes

The ebb and flow of the nation's economy has more than one Louisiana resident struggling to stay afloat financially. In fact, it's not uncommon at all nowadays to go through some sort of financial crisis in life. The problem is, some people are being duped into debt relief schemes where they wind up in worse financial condition than they were to start.

Don't Let Pride Get In The Way Of Your Financial Health

Some people feel shame around the prospect of declaring bankruptcy. They may feel that bankruptcy should be their very last option, or that somehow bankruptcy represents a moral failing. Some people even go so far as to sacrifice their businesses rather than follow through with a bankruptcy filing that could have kept them afloat.

Need the low down on debt relief and Chapter 7 bankruptcy?

Many Louisiana residents are currently facing serious financial problems. In fact, some are even in danger of losing their homes. Such circumstances are certainly not unique to this state, as thousands of other people throughout the nation report similar financial struggles. When it comes to debt relief, Chapter 7 bankruptcy may be the most viable option in some situations.

Increasing household debt in US reaches level of 2008

A new report from the Federal Reserve Bank of New York shows that American households have accumulated the amount of debt that they held during 2008. In that unfortunate year, when the Great Recession hit, American households held about $12.68 trillion in debt. Now, nearly ten years later, American households hold about $12.73 trillion in debt. What may surprise you is that this time around, there isn't much fear of a collapse nor does it seem like this is necessarily a sign of bad things to come.

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