Three Ways To Tell If Bankruptcy Is The Answer?
It is not always easy to see a clear answer to a problem, especially if you are feeling stressed or overwhelmed with the situation. When money is the problem it can be all the more difficult to make a determination as to what course of action is best for you, but there are some signals to look for that will help you make a good choice. Knowing what to look for is beneficial because when you know the signs you are more likely to take the right path. You will know if the decision you make is sound, because you will feel a weight lift and be able to breathe a sigh of relief at having come to a conclusion about your choices. Lifting a financial burden off of your shoulders can give you just this type of relief, and it is important to consider just how beneficial bankruptcy can be for you if you are in over your head with your finances.
Three ways to tell if bankruptcy is the answer for you include:
- Are you unable to pay all of your bills on time each month? If so, bankruptcy could be the answer for you because it will eliminate or reduce your unsecured debt balances, which frees up money to allow you to pay your other bills.
- Do you make less than you owe? If so, bankruptcy might be right for you because when your debt goes down you have more wiggle room each month and are able to pay things on time, and even save for an emergency.
- Have you tried to make arrangements with your lenders, only to have your requests fall on deaf ears? If so, you are a perfect candidate for bankruptcy. In bankruptcy you are permitted to modify the contract terms, or eliminate a debt that is owed and the lender has limited options by way of opposition to your efforts. It is a rare case where the debtor comes out worse off than they were before they filed, and the relief many receive from filing bankruptcy allows a consumer debtor to make a fresh financial start.
The bottom line is that if you are in financial distress, you do have options. We can help you make an informed choice, so you feel good about the path you are choosing. For more detailed information about what bankruptcy can do for you, call us today. We will take a look at your finances and explain the process to you, so you understand how it works.
For more information about debt management and what you can to do get out of debt, contact us at www.DsouzaLegalGroup.com. We will help by coming up with solutions that work for you.