If you are one of the many people trying to figure out if you should file for bankruptcy, you might find yourself to be a little confused. Should you find that you are not sure if you are truly in a position where this type of legal action would be beneficial, you will want to review the following points.
Do You Find Yourself Avoiding A Lot Of Collection Calls?
Avoiding a collection call for a day or two because you need to sit down to figure out what you can afford before you verbally agree to anything is one thing. It is something completely different if you are getting a lot of calls from different companies and you are always avoiding them because you know that you simply do not have anything that you can afford to pay them. If this is a situation that you are facing, you will want to consider talking with a bankruptcy attorney for additional advice.
Are You Always Late With One Bill In Order To Pay Another?
When was the last time you were caught up with all of your monthly payments and were able to continue to pay all of them on time every month? If it has been a while and you find that in order to pay one bill, there always has to be another bill that gets put off, you will want to seek out some legal advice regarding bankruptcy. You might qualify for chapter 7 bankruptcy, which would be a total elimination of all of your debts. Those that can afford some payments may be offered the option of a chapter 11 bankruptcy, which is a court-ordered repayment plan for your debts, but for an amount that you can afford.
Are You Stressed Or Depressed From Your Financial State?
There are some people that find that they become stressed, or even depressed, because of how bad off they are financially. If the troubles of your finances are causing you personal distress, then it might be time to talk to a bankruptcy attorney. Getting this situation under control could make life a lot easier for you.
If you can see yourself in a few, or all, of the previously discussed situations, you will want to do what you can in order to set up an appointment with an attorney that offers bankruptcy legal services. He or she will be able to sit down with you and examine the specifics of your financial situation. Then, if your attorney feels that it is time, they will begin to file the bankruptcy paperwork on your behalf.