Choosing to file for bankruptcy is a difficult, and often an emotional decision. It is a decision that cannot be taken lightly, though, it is a decision that can end your financial struggles and bring you peace of mind.
If you are exploring bankruptcy, we know that you’re enduring a very challenging time in your life. Overwhelming debt can be stressful, even overwhelming. As you consider if bankruptcy is the right choice for you and your family, keep these 3 considerations in mind.
- Will bankruptcy give you the debt relief you need?
While many debts are dischargeable (erased through bankruptcy), some debts are not. While unsecured debts such as credit card and medical debts are dischargeable; other debts, such as newer tax debts or unpaid child or spousal support, are nondischargeable and must be paid even if you successfully file for bankruptcy.
To review which of your debts can be discharged through bankruptcy, contact us for a free consultation.
- Is there an underlying issue that led to unmanageable debt that bankruptcy will not solve?
We do not ask you to consider this to be cruel or judgmental. We want you to consider this because we feel strongly about the benefits of bankruptcy and the fresh financial start it gives to families. If you file for bankruptcy, we want you to get the full benefit it offers.
Did you fall into debt due to job loss or a medical emergency? Or, did you fall into debt by not budgeting, and continually spending more than you earn? Either way, we are not here to judge – we are here to help. If there is an underlying issue that led to debt problems that is not yet solved, we want to discuss that with you. Together we can ensure that filing for bankruptcy gives you the fresh financial start you deserve.
- How much money do you owe?
We ask you to consider how much money you owe because often clients come to us now knowing exactly how much debt they have. When debt feels overwhelming, bills pile up, and collection calls become incessant, it may have felt easier to ignore the details of your debt problem.
Now is the time to get clear on exactly how much money you owe. Gather your bills and statements and make a list of the debts you owe. Knowing exactly how much money you owe is the first step in taking control of your problem.
Empower yourself with knowledge. Once you know exactly how much debt you have, you’ll be able to decide if bankruptcy is the right choice.
We’re Here To Help You Decide if Bankruptcy Is the Right Choice for You and Your Family
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We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.