One of the biggest challenges consumers face today is mounting debt. From credit cards to student loans to underwater mortgages, debts can stack up to the point where they become overwhelming. Some of these debts can be managed; we can learn to curb our spending via credit cards for example or refinance a mortgage under the HARP program. There are certain debts however that we can have little control over and those include medical debt. After all, few would argue that nothing is more important that our health, or the health of our loved ones.
The decision on whether or not to file some sort of bankruptcy is a big one and it will affect your finances and credit for years to come. And although the number of bankruptcies filed has been dropping in recent years, there were still over 800,000 filed in the year 2016 in the U.S. Bankruptcy in Florida, which makes it a very busy place. In January of 2018, the bankruptcy court in Orlando had 1203 Chapter 7, 26 Chapter 11 and 529 Chapter 13 cases for a total of 1758.
In many situations, when someone is involved in an accident, it is not just the injury victim who is affected. While it may only be one person who is hurt in a car accident, bicycle accident, dog bite, or slip and fall, their entire family may be impacted, too. Spouses, children, parents and others who rely on the injured person may also experience a change in their lives. As a result, a single accident may result in several personal injury lawsuits.
According to Forbes magazine, the average driver is involved in an accident that leads to an auto insurance claim every 17.9 years. Since car accidents are so common, we suggest arming yourself with these guidelines for how to manage yourself and those around you post-accident:
1. Check for injuries. After a collision, it’s important to make sure that you, the driver(s) and any passengers are not hurt. If someone is injured, get help right away. Call 9-1-1 if needed.
For some people, anticipating an initial consultation with an Orlando bankruptcy attorney can be…nerve wracking. Don’t worry! We’re here to calm your fears and arm you with information. Read on, so when you arrive at your first appointment, you’ll be prepared to ask questions, absorb advice, and feel assured about your decision to pursue financial independence.