Clients who come in to Steidl and Steinberg with debt in tow will often say, "I know this doesn’t seem like a lot of debt compared to most of the clients you see.” The funny thing is I hear it from people with anywhere between $8,000 and $30,000 in debt. Or sometimes more. But what is the minimum amount of debt you are required to have in order to consider filing for bankruptcy?
Almost everyone thinks about death at one time or another, especially after the passing of a loved one or good friend. One of my close friends passed away recently, and it made me think about the interrelationship between what I do, working with people to solve debt problems, and what we can do to solve these problems. I realized that this happens much more often than I had previously thought.
This week, a couple came to my office to talk about the wife's mom. Her husband had passed away about two years ago, leaving his wife with almost nothing. There was money to pay for the funeral, but no life insurance or pension plan or any other money.
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.
You are eager to do something about your uncomfortable debt situation. You have been trying a variety of options and, while at times were making progress, you no longer feel that way and you want to look at other options, including bankruptcy.