I bet that up until this point, you haven’t given much thought to the financial security of celebrities. I also bet that a recent article in the Washington Post reporting on the bankruptcy rates of NFL players may change your mind. According to the research, football players are just as likely to file for bankruptcy as anyone else in their age bracket.
What I take from this, is that anyone can find themselves in a bankruptcy situation. Financial security is not static and it may be harder to amend fluctuations on your own than you think. If you find yourself asking whether bankruptcy is right for you or your business, it is best to find an experienced professional to discuss your bankruptcy options.
- Do you want to liquidate your assets and start fresh?
- Would you rather set up a repayment plan that you are comfortable with and maintain ownership of more of your property?
- Are you a corporation or a business entity?
Answering these questions with a professional to determine your bankruptcy eligibility leads you to file under the appropriate bankruptcy chapter for your specific situation or not at all if your experienced professional can find a suitable bankruptcy alternative for your situation.
Bankruptcy is a serious decision and should not be taken lightly. If you are considering filing for bankruptcy, do not go it alone and risk making mistakes that could lead to further debt. The internet is full of scammers waiting to prey on your heartache. Weigh your options carefully and please, contact a professional. We are here to help. Contact us to discuss your bankruptcy concerns today.