Sounds horrible, right?  Never in your wildest dreams did you ever imagine that you would be considering this, right?  Well, it’s not the end so don’t beat yourself up over it.  Bankruptcy means a fresh start, a way out, freedom from bill collector calls, and all of the stresses associated with burdensome debt.

Do you think that you don’t have enough debt or the right kind of debt?  Know that the ability to file bankruptcy is all relative to your individual circumstances.  No case is exactly the same as any other.

So should you or shouldn’t you?

  • Do you have credit card or other debts on which you can only afford to make minimum monthly payments or less?
  • Do you have more debt than you can afford to pay off in a reasonable number of years, after factoring in interest accrual and your projected budget?
  • If you own a home, is the current value of your property less than is owed to your first mortgage holder?
  • Are you behind on your mortgage payments?
  • Do you owe tax debts?
  • Is someone suing you or threatening to sue you for a debt you cannot afford to repay?
  • Do you need to stop any creditor from taking collection actions against you?
  • Do you want the incessant bill collector calls to stop?

If you keep waiting, you risk leaving yourself in a situation where bankruptcy relief is no longer available to you, or more costly.  A bankruptcy consultation with me is free and does not obligate you to file.  If your situation is not right for bankruptcy, I will tell you.  If I believe you should file for bankruptcy, I will help you understand why, what bankruptcy chapter makes the most sense, what your “fresh start” will entail, and what you can expect every step of the way.  If you’d rather not wonder whether you should file for bankruptcy, please call me, and we’ll sit down to discuss your situation.