Does this scenario sound familiar to you? You were contacted by one of those out-of-town debt relief companies, or you contacted them, made the arrangements, and have been making payments for over a year. It seems to be working as no one has been calling you. There are no letters from debtors or lawsuits. You are feeling optimistic that this financial nightmare will be over in a couple of years.
A woman worried about her financial condition called Steidl & Steinberg the other day. She was very upset and had a lot of questions. She was especially concerned about her pension when filing for bankruptcy, as the thought of losing her retirement lifeline had her very concerned.
Those bills just keep on coming. Some are relatively small, but others are staggering. Your mom has accumulated all of these bills and she cannot possibly pay for them on her income. She has a house with some equity, but she also has encumbered it with a second mortgage that she used to try to pay down her massive debt.
You are embarrassed. You thought you would never, ever, be in this position again. But here you are -- the bill collectors are hunting you down and the telephone rings almost nonstop. The pressure is mounting and you know what you need to do. You have to file bankruptcy. Again.