Debt Solutions
Coping With Changes In Your Budget
Households develop budgets based on a relationship between expected income and anticipated expenses. In most cases, people experience financial difficulties when circumstances beyond their control cause changes in income or expenses.
Income can be affected by job loss, job change, elimination of overtime, loss of business income, sickness, disability, injury, pregnancy, separation, divorce, retirement or even death of a spouse. Unanticipated increases in prescription costs, insurance, child care, child support, utilities, commuting expenses, mortgage increases or taxes can also throw your budget out of balance.
At this point you have probably tried a number of different strategies to cope with the change in either your income or expenses. You may have tried to increase income and reduce household expenses, borrow money short term, refinance your home, use cash advances, finance basic living expenses using credit cards, or simply pay what you can and let the rest ride.
If these options are no longer available or appropriate, the Law Office of James B. Mallory III can help you determine your best available means of achieving the balance you are seeking. If filing for Chapter 7 or Chapter 13 are your best options, we can help.
WE ARE A FEDERALLY RECOGNIZED DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.