When you're struggling with money, nothing is worse than opening your bank account to see it drained. Seeing that you have bounced checks or overdrafts in your account can make you feel terrible about yourself and your ability to take care of your family.
Don't be too hard on yourself. Many people struggle with what you're going through, and there are some options open to you.
It's easy to get in over your head in such an expensive state. You have a car payment, home payment and other expenses that had you spending much of what you made on bills alone. Then, your work cut your hours. Not long after that, you lost your job completely.
Today, one of the things that you may find helpful is seeking bankruptcy. A Chapter 7 bankruptcy scares some people because of the myth that they'll lose everything. That could not be further from the truth, especially with the great number of exemptions that are offered today. It's worth looking into bankruptcy because you'll be able to stop harassing phone calls and prevent your home from going into foreclosure. You'll be able to reassess your finances and get help minimizing what you owe.
By the end of the bankruptcy, you can walk away without the debt that currently looms over you. You deserve that fresh start, so you can get back to enjoying your life and living without fear of debt collectors or not having money when you need it. Our website has more information on Chapter 7 bankruptcies and why they can be beneficial if you've found yourself out of work and struggling to make ends meet.