Nobody wants to file bankruptcy...nobody.
But...filing bankruptcy may be the only
thing that saves your family.
It's no secret that our economy is in
serious trouble.
It's all over the news...and it's only
getting worse.
And all indications are that...like a
bad storm...it is going to hit and hit hard.
And like a bad storm...there is no
guarantee how long it will last or how much
damage it will do.
It's just a matter of time before the
storm hits us your house and mine.
And when it hits...it's going to beat
down and bust up a lot of families.
Don't let it happen to your family.
Be on the safe side...hope for the
best...but prepare for the worst.
And you need to start now.
Read the news. It's so bad there
may not be a tomorrow.
But what about all the things the
Presidential candidates are promising?
Barack Obama and John McCain
mean well...I really believe that...but the
truth is that...to get elected...they know
they have to tell us what we want to hear,
even if they can't produce.
The truth is...regardless of who becomes our
next President...there is no magic answer.
This time around, it looks like the
problems with the economy are too big for
anyone to fix...and all indications are
that it will be years before we get back to
where we were.
We should all hope for the best.
But, the bottom line for you is this.
Nobody is going to save you and your
family...and nobody is going to come to your
rescue.
You have to save yourself.
And you need to get started right
now...today.
Be on the safe side...as if there is no
tomorrow.
Here are 4 things you need to start
doing...today:
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(1) |
Do your best to hold
on to your job.
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(2)
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Hold
on tight to whatever savings and retirement
nest eggs you have.
This is your money for emergencies and
your cushion against bad times and downturns
in income.
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(3) |
Where you can...you need to cut back on
spending.
Every dollar you don't spend is a dollar
saved.
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(4) |
And...you need to get rid of as much debt
as possible.
Getting rid of debt is important because
it will free up income. If you get rid
of bills, you don't have to pay them, and if
you don't have to pay them, this frees up
income, and freeing up our income, gives you
more money to pay the things you have to have
like food, gas, electric, clothing, car
payments and house payments. Hopefully, it
also frees up money you can save.
The secret is to get rid of as much debt
as possible and to do it as fast as possible.
The sooner you get rid of debt, the sooner
your income is freed up.
That's where bankruptcy comes in.
Bankruptcy allows people...like
you...struggling with debt...to get rid
of...and not pay back... ALL their
normal, consumer debts*.
...That is, all your credit cards, all
your medical bills, all your personal loans,
certain old taxes, and certain other unsecured
debts.
...That's a lot of debt and...hopefully...a
lot of relief...as you prepare for the worst.
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How much time do you have?
Good question. The answer is: No one knows...days, weeks, maybe a few
months, but probably not more time than that.
There is no guarantee we even have until
tomorrow.
Watch the news. It seems like
there is more bad news every day.
Many parts of the
country are already suffering from the full
blast of a recession, higher prices
and ever increasing unemployment.
All indications are that it is only a
matter of time before a full-blown recession
spreads to North Carolina...and...unfortunately
...that means many of us will lose our jobs.
...and if you are one of the unlucky
ones...what will you do?
Will you wish you
had done more to prepare?
It's time to batten down the hatches.
Here in North Carolina We are already
seeing some of the effects...
...gas on its way to $5.00 a gallon,
...diesel on its way to $6.00 a gallon,
...milk on its way to $5.00 a gallon,
...a complete subprime mortgage mess,
...a fall in housing values and sales,
...the almost complete shutdown in the
housing refinance market,
...and...whether you realize it or
not...a looming potential crisis in the vehicle
financing market.
So...let me repeat:
Do everything in your power to hold
onto your job. Work hard and be the best
employee, so that when it comes time for lay
offs...it's not your name called out.
Hold on tight to any savings
you have and your retirement nest egg.
These are your protection in case of emergency
and in case things get real, real, real
bad...like if you are one of the unlucky ones
who loses a job
It's no fun...but look at your expenses and
decide what's most important and what's
not...then, cut back where you can.
And...perhaps most importantly...because
it's the thing you have the most control
over...get rid of as much debt
as you can...get rid of it as fast as possible...and
get started now.
You may not have a lot of control over
most things, but you do have a lot of control
over whether you stay in debt or not.
Why? Because...if you need it...you have the power of bankruptcy
available to you.
People don't realize just how powerful
the Federal Bankruptcy laws are.
As mentioned above... bankruptcy
allows you to get rid of...and never have to
pay back All your normal, consumer debts.
Think about it.
What if you no longer owed on your
credit cards, medical bills, personal loans
and even some older taxes?
This would free up some of your
hard-earned money.
Wouldn't this put you in a better
position to make sure you can afford the
higher and higher cost for the things you
need?
Wouldn't this put you in a better
position for you and your family to weather
the storm?
Wouldn't this put you in a better
position to make sure that at least your
family survived?
Wouldn't it make sense for you to at
least look
into how much debt this thing we call
"bankruptcy" can get rid of for you?
