A 2% change might not sound like a lot, but if you earn $50,000 it comes to $1,000 a year—about the size of the average American mortgage payment.
(PRWEB) January 25, 2013
The tax changes that went into effect at the start of 2013 have a dire impact for Americans who are finding it difficult to makes ends meet.
According to Lending Tree, “A 2% change might not sound like a lot, but if you earn $50,000 it comes to $1,000 a year—about the size of the average American mortgage payment.”
The latest financial guide issued by Go Banking Rates, a leading personal finance authority, explains how individuals strapped for cash after the tax adjustment and are hounded by debtors can alleviate their financial woes by declaring bankruptcy.
In its report, New Jersey bankruptcy attorney, John W. Hargrave of John Hargrave and Associates, shares his expert insight into how to declare bankruptcy in the New Year and the advantages of doing so for individuals with no other option.
“One of the biggest benefits of bankruptcy is the automatic stay, which works against virtually all creditors,” Hargrave explains.
The automatic stay, Hargrave shares, relieves individuals from harassing phone calls and mail, as well as stops any pending lawsuits.
Additional suggestions within the guide on how to declare bankruptcy are contacting a lawyer immediately for counsel and assistance, and compiling a household budget before declaring bankruptcy to ensure that no other alternatives exist.
About Go Banking Rates
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
Additionally, Go Banking Rates partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo! Finance, Forbes, The Street, Huffington Post and more.
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