You’re Exhausted from Being Harassed by Creditors
If you’re dealing with constant phone calls and letters from creditors, filing for bankruptcy can give you some much-needed relief. Once you file, an “automatic stay” goes into effect which prohibits creditors from contacting you. So you can finally enjoy some peace and quiet.
You’re in Danger of Losing Your Home
If you’re behind on your mortgage or facing foreclosure, filing for bankruptcy can help save your home. It will give you some time to catch up on payments or negotiate a new payment plan with your lender.
Your Business is in Financial Trouble
If your business is struggling to make ends meet, filing for bankruptcy can be a way to keep it afloat. It will give you some breathing room to restructure your business and get back on track.
You Have More Debt than You Can Handle
If you’re buried in debt and don’t see a way out, bankruptcy can be a lifesaver. It can help you get rid of some of your debt and get a fresh start.
You Want to Get Rid of Your Car Payment
If you’re stuck in an upside-down car loan or can no longer afford your car payment, filing for bankruptcy can be a way to get rid of the debt and get a new car. In some cases, you may even be able to keep your car if it’s considered “essential.”
Filing for bankruptcy doesn’t have to be the end of the world. Sometimes it’s the best thing you can do for yourself and your family. If you’re considering it, talk to a bankruptcy lawyer to see if it’s right for you.