The time has come and you need to make a decision. Your financial situation is in complete and total disarray and you don’t know where to turn. You are considering bankruptcy, but not sure if that is the right decision for you. After all, it is a scary road to have to take. There are a few things you need to know before you decide to take that step towards filing for bankruptcy.
The first thing you need to do is give your financial situation a little more thought. Take into consideration your inventory and assets including retirement funds and savings accounts. If you owe more than your total assets, then bankruptcy might be the proper course of action. But you should also consider your specific situation. For instance, if you are being hounded by bill collectors or if you are paying for necessities with nearly maxed out credit cards, then you should consider bankruptcy as a viable alternative. If your home is in jeopardy of going into foreclosure and you feel scared and out of control, you may want to consider bankruptcy as a way to settle your debts.
If you are in debt way over your head and feel bankruptcy is the only solution, you should really consider contacting us. With a good attorney and the correct information, bankruptcy could be the tool needed to help give you a fresh new start.