Debt Relief Is Part of Your Path Out of Financial Abuse

An article recently published on the People Magazine website reads like voyeuristic clickbait unless you have experienced financial abuse. It tells the story of a young woman who suffered a medical emergency from which she made a full recovery, but which left her with thousands of dollars in medical bills. Her boyfriend gave her $4,200 to pay the portion of the bills that she could not afford to pay with her savings, and she promised to pay him back in installments, so that her debt to him would be repaid in a year. Some readers might wish that they had someone in their lives who could float them $4,200 in an emergency, but what happened next is horrifying. Even though the woman made the installment payments according to the schedule she had promised to keep, her boyfriend began constantly reminding her of how much she still owed. Soon he began making comments every time she bought lunch at work or made a purchase he considered unnecessary. If you have experienced this kind of financial control by a partner or family member, you probably wish that you, and the protagonist of the People article, can break free. The best place to start is to contact a Boca Raton debt lawyer.

Financial Security at What Price?

Everyone is in debt these days, but not everyone has a family member who can give them a financial bailout when they need one. Many young adults receive financial support from their parents, but the money does more harm than good if your parents constantly veto your decisions and respond to your happiness with guilt trips. In the worst situations, controlling family members try to stop you from doing things that would help you become financially independent of them, like getting a second job or moving somewhere where housing costs are lower. The way out might be to decide to accept a poor financial situation, if your only choices are a poor financial situation and living under your family’s control.

A Debt Lawyer Can Help You Envision a Materially Modest Life Without the Financial Control of Your Family

The good news is that it is possible to discharge most debts in bankruptcy court. If you can get rid of the debts that make you need money from your family, you are one step closer to financial freedom. Bankruptcy filings do not erase court-ordered debts like child support, lawsuit judgments, and criminal fines, but they do free up funds to pay them. From there, you can think about rebuilding a more modest life. It might mean that you have to modify your parenting plan so that you can spend odd-numbered weekends with your children after a two-hour round trip commute and even-numbered weekends working constantly, but it is better than letting your family control you.

Work With a Debt Lawyer About Financial Freedom From Your Family

A South Florida debt lawyer can help you get out of debt if you are still stuck after paying close attention to your spending.  Contact Nowack & Olson, PLLC in Boca Raton, Florida to discuss your case.

Source:

msn.com/en-us/health/other/woman-borrows-4k-from-boyfriend-after-medical-scare-but-says-the-debt-has-turned-into-a-leash/ar-AA1Tb8zP?ocid=msedgntp&pc=ACTS&cvid=6951c462dc084d56bc06fd683d4fab36&ei=65