Considering Filing for Bankruptcy?

If you find yourself having to choose between buying groceries and medications or paying the bills, then filing for bankruptcy may be an option for you. Bankruptcy becomes a viable option for those who've come to the point where money is so tight that choices have to be made between paying for the basic necessities of life or paying the mortgage and medical/electric/credit card bills.

Indicators that bankruptcy should be considered:

• Pending garnishments
• Foreclosure proceedings
• Overwhelming medical bills
• Debt collector, debt collection agency calls
• Debt that far exceeds current income
• Subpoenas from your credit card companies, mortgage company

Many people make the choice to file for bankruptcy not because of irresponsible choices made in the past, but because of the current state of the economy, inability to find work, extenuating personal circumstances, or the ending of unemployment benefits. Bankruptcy is the legal solution to wipe away most debt and begin with a fresh start.

Chapter 7 bankruptcy is filed for individuals and businesses. Know that when a Chapter 7 is filed, an "automatic stay" goes into effect the date of the filing--this stops garnishments, litigation, and harrassing phone calls (although litigation can continue once the party contacts the bankruptcy court to have the automatic stay lifted.)

Call my office for a free attorney consultation if you're thinking bankruptcy may be the option for you. I will explain the process, what documentation is necessary to initiate the process, and what you can expect after discharge.