Bankruptcy & Making an Informed Decision
In recent years, a significant percentage of Americans have struggled with crushing debt from a variety of different causes. Whether such causes stemmed from a layoff, extended periods of unemployment, a divorce, or an accident or an illness, the emotional toll of having too much debt can be extensive. The burden of trying to remain afloat when one’s bills and monthly expenses far outweigh what is coming in can be overwhelming and exasperating for the debtor to put it lightly.
Layoffs and money problems have lead to adverse health consequences, such as stress-related illnesses as well as marital discord and divorce. It’s important to understand that as someone struggling with crushing debt, the mental burden can have far-reaching effects that can negatively impact all aspects of your day-to-day life. Money problems can put undue stress on family relationships and affect your general health and wellbeing; therefore, when you find that you are in overwhelming debt, it’s important to take a step back and carefully evaluate all of your options and this includes bankruptcy as well as any alternative courses of action.
There are a number of perceptions about filing bankruptcy that are false and many debtors aren’t aware that the effects bankruptcy has on one’s credit are not necessarily negative, especially in light of the long-term potential for credit rebuilding providing the debtor follows a few critical credit rebuilding steps. However, bankruptcy is not for everyone, and since no two financial situations are identical, it’s vastly important to consider all of your options before you take the plunge.
Helping You Find the Right Answer
As a seasoned bankruptcy attorney, I would never push a client into filing for bankruptcy if I felt that their situation didn’t need it, or if I believed that the debtor’s situation wouldn’t benefit from filing. If you are wondering if your situation would improve by filing bankruptcy, then I strongly urge you to contact me to find out the answer. While I help many individuals and families who come to me looking for debt relief through bankruptcy, there are a percentage of people who I advise to take another route.
When you come to me, you can be rest assured that I will be open and honest with you about your situation. If you’re worried about filing for bankruptcy when it’s not the best option, I want you to know that that wouldn’t happen here. After reviewing your circumstances in a free initial consultation, I will inform you of the best course of action to take so you can turn your circumstances around once and for all. If bankruptcy is the best option, I will tell you and if it is not, then I will recommend another solution.
Which course of action you take will depend upon your current debt load, the types of debts you carry and your monthly disposable income. There are always solutions and I would be honored to help you find the one that suits you best. This way you can look forward to taking control of your situation once and for all and enjoying the good financial health that you need and deserve.