Overcoming Personal Debt Crisis

By: Jeremy Biberdorf

June 25, 2019

Overcoming Personal Debt Crisis

Seventy-eight percent (78%) is the standing public debt of America’s gross domestic in the fiscal year of 2018, the highest percentage since 1950…it is expected to reach ninety-six percent (96%) by 2028, wherein the big chunk this is the $1.9 trillion between 2018 and 2028—that will be due to the Tax Cuts  and  Jobs Act the Congressional Budget Office (CBO), according to the latter’s report this April 2019. Now what? Why should you, an ordinary American citizen should care about this, when in fact we all have been paying large debts as an American? That is what we are going to discuss in this article, and we would only take a short period of your time.

It is a widespread concern and is known to all that under the Trump Administration, at the end of 2018, effected an increase of $21.974 trillion, that is $2 trillion higher than when President Donald Trump took office (CNNpolitics.com). Where would all these debts be cut at? Nobody else but its American citizens. The problem is, it must be anticipated by everyone that the number of tax cuts will be increasing massively by 2028, though it has been recorded that an enormous number of people have been complaining, marching, and rioting against this extreme deficit and incompetence posited by Trump Administration for its inconsistency in its promise of diminishing the nation’s debt over the period of eight (8) years—but fact shows the opposite and drastic loss it causes the people.

Since everyone is expecting to witness a significant loss in their savings, though there is a present cut happening, but will increase eventually, what should you do in overcoming or lessening such tremendously downing problem? Well, you do not need to dwell on Politics, but you should care about your well-being as an individual and a citizen, by consulting the proper advisers or experts on these ‘debts’ or ‘financial hostilities.’ A law firm in 17875 Von Karman Ave. Irvine California, 92614, Suite 150 & 250, the so-called Irvin Bankruptcy Law firm (https://kt-bankruptcylawyer.com/locations/irvine-bankruptcy-lawyer/), has been helping countless numbers of men and women undergoing the same dilemma on their debts and added-up with this currently dismaying news on increasing the people’s taxes further, hence, producing more debts and financial problems for many.

What are the credentials of this law firm? This law firm has been resolving cases on Chapters 7, 11, and 13 Bankruptcy. The Irvine law firm assures that: 1) Its attorneys meet with its clients personally to give sound legal advice during free financial consultations or debts; 2) During the meeting, the attorneys carefully assess the clients’ financial ordeal according to what they have to say; 3) Towards the end of the consultations, the attorneys present to the clients all the possible solutions to their financial situation; and finally, 4) If the clients decide to File Bankruptcy or other resolution suggested, the attorneys provide personal representation throughout the proceedings. All of which would be done and made to uphold the credibility of the legal profession and its clients, primarily that these attorneys act for the more significant benefit and well-being of the clients, as the top-most priority.

Another tip for you to take-away before ending this article would be, that if you are specifically a citizen within an area in California, you would want to visit the cite of the State of California’s Attorney General, Xavier Becerra with its page title as “Debt Collectors,” the link is this: https://oag.ca.gov/consumers/general/debt-collectors . The page contains seven (7) sections in its page, with the corresponding topics: Disputing a Debt, Harassment and Call Restrictions, Debt Collector Contacting your Employer or Other people, Interest and other charging, Credit-reporting, Old (Time-barred) Debts, and lastly, Collectors taking Money from your Wages, Bank Accounts, or Benefits. All of which are the ‘what’ or ‘who’ any indebted or financially-in-ordeal-person will be encountering once debts as a legitimate citizen are not resolved immediately.

Hence, as citizens, each and everyone is obliged to submit to the nation’s law on taxation or directly on ‘paying our debts’ as it is where the life of the State is sourced from. The money collected would further the sustenance of the State’s endeavors and infrastructures for its residents. In the end, the people want to eliminate ordeals such as debts, and finding a solution to one’s debt, is a simple yet life-saving and brilliant step in overcoming one’s debt crisis in this prevalent concern of the United States’ constituents.

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.

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