Last year over a Million people found financial relief by filing bankruptcy. Is it right for you? We can help you decide.
If you’ve been thinking about bankruptcy as a financial solution, we know how many questions you have, and that’s why we’re here to help. Chances are, we’ve encountered the same questions and answered them all before. The first and most basic question we encounter is “should I file bankruptcy?”
This question encompasses underlying comparisons to alternatives, because the question is essentially an inquiry about what the best solution is, whether it be bankruptcy, a bank administered hardship program, debt settlement, or doing nothing. When asking if you should file bankruptcy, you’re really asking if that’s the best solution, so it’s important to understand the advantages of bankruptcy over the alternatives and examine how each of those advantages may or may not apply to your particular circumstance.
Because everyone has a unique situation, it’s not possible to define a set of rules or administer a test that can be posted on this webpage and definitively answer your question. The experience and knowledge of our bankruptcy attorneys is where you’ll get the individualized advice and comprehensive consultation. But we can identify for you some warning signs, things that might indicate a bankruptcy would be beneficial. Sometimes these signs indicate that bankruptcy would be a financial tool to reduce expenses and improve your long-term financial standing, and other times the signs are more serious, and indicate an unsustainable path that necessitates bankruptcy to avoid or stop very serious consequences such as foreclosure, garnishment, lawsuits, or eviction.
With that said, here are some of the troubling signs that indicate you should at least speak with our bankruptcy attorneys about your situation:
Looking over your financial situation in response to those questions, you may find yourself stressed, and many people do. Remember, however, that you have options to put and end to the struggles and start fresh, and it’s easier than you probably think. Bankruptcy is an enormously powerful tool and can solve many extensive problems. Contrary to some myths and misconceptions, bankruptcy is not a last resort option or mean you’ve failed in any way. Instead, it’s a financial tool to save money, solve problems, and take control of your financial future.