Millions of Americans are currently facing financial hardship. Some are there due to excessive credit card debt that spirals out of control due to extremely high interest rates, while others owe hospitals and doctors tens of thousands, even hundreds of thousands of dollars for treatment of a medical condition. American society has prided itself on this image of individuals pulling themselves up by their bootstraps to overcome even the most challenging situations. However, the truth is that it is simply unrealistic for many Americans to do this when it comes to paying off debt.
It is difficult to push back against this ideal image that is perpetuated throughout society. The best way to do so is to be informed. Those individuals struggling with overwhelming debt can learn more about their debt relief options and how, if successfully pursued, they can provide the fresh financial start needed. Bankruptcy, both Chapter 7 and Chapter 13, are included in these options. Although some frown upon the mere thought of filing for bankruptcy, it is a very real way to quickly reclaim one's financial footing.