Chang & Diamond Bankruptcy Lawyers Advise Shedding Unsecured Debt

In response to the Fed’s recent decision to once again raise benchmark interest rates, Chang & Diamond Bankruptcy Lawyer Group of San Diego discusses why getting rid of unsecured debt may be a savvy decision to make right now.

San Diego, CA, United States – November 21, 2022 —

Chang & Diamond Bankruptcy Lawyer Group of San Diego has an important message for anyone struggling with a lot of unsecured debt: it may be time to consider bankruptcy to get rid of it. The law firm issued a statement in response to the most recent Federal Reserve rate hike. 

According to Steven Diamond, co-founder of Chang & Diamond, APC: “Shedding unsecured debt now, through bankruptcy, will allow smart consumers to wither the worsening economic storm coming with more certainty.”. He continued, “We know now for a fact that we are facing a major recession. This has prompted the Fed’s latest rate hike, an aggressive measure which has affected all the sectors of the economy, especially the housing market and, by extension, mortgage rates.”

While bankruptcy can be a good way to get rid of debt, it is vital to understand the process and what it will mean for your financial future before you make the decision to file. It is just as important to understand the differences between Chapter 7 and Chapter 13 bankruptcy.

Diamond explains, “Filing for bankruptcy gives you some much-needed relief. Depending on the type of bankruptcy which you file, you will get the chance to either wipe out your unsecured debt or reorganize your debt into manageable payments. Once all of your unsecured debts are wiped away, you will get a unique opportunity to rebuild your credit and get on better financial footing going forward”.

About Chang & Diamond, APC: Richard Chang and Steven Diamond founded the San Diego & Riverside County, California bankruptcy law firm of Chang & Diamond, APC in 1998. The two had been working together since 1995. Chang & Diamond, APC, has emerged as one of the top bankruptcy and debt relief law firms in Southern California since its inception. The eminent bankruptcy law firm offers all-encompassing services for Chapter 7 bankruptcy, Chapter 13 bankruptcy, foreclosure, divorce and a wide array of other legal matters.

For more information, please visit https://www.thebklawyers.com           

Contact Info:
Name: Steven J. Diamond
Email: Send Email
Organization: Chang & Diamond, APC
Address: SD & Riverside County Office 7807 Convoy Court, #104, San Diego, CA 92111
Website: https://www.thebklawyers.com

Release ID: 89084688

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