No one wants to file for bankruptcy. The world we live in is fast-paced and jobs are scarce, pay raises are scarce, but the cost of living is increasing rapidly. It is easy to find yourself overwhelmed with debt and burdened with payments that you cannot afford to make. Many people consider consumer credit counseling, but the objective is to get your payments manageable to where you can live comfortably without recreating debt. In some cases, bankruptcy is the best option for you and your family, and that is okay.
When should I contact a bankruptcy lawyer?
- You should speak with a lawyer when your debt has become too much to manage. If you’re struggling to make your monthly payments and are continuing to use credit to make ends meet, then you should consult with a lawyer to see if bankruptcy is right for you.