Credit cards can be a useful tool, no matter what your financial situation is. They make it possible for you to purchase items without immediately using your assets. This can benefit you from a cash flow standpoint since credit cards could help you to be able to afford bigger purchases. They can also be a more secure way of paying for things.
One of the biggest fears that prospective bankruptcy filers have is the worry that they will lose all of their property. You have likely worked hard for many years to acquire the things you own, from the house you live in, to the car you drive each day. Therefore, it can be very demoralizing to think that you may lose all of these things.
The various options that you have as a person suffering from significant debts can be confusing. You may have been approached by companies who offer debt relief schemes to help you out of your situation, but these schemes may seem riddled in mystery.
If you are considering filing for bankruptcy in Washington, it is likely that you have come across some terminology that you find confusing. When reading through papers and articles about Chapter 7 bankruptcy, in particular, many prospective filers are confused by the term "presumption of abuse."