When Should You Consider Filing Bankruptcy
Unpredictability in life and finances can lead to people feeling anxious and fearful about their ability to pay back debts. Filing for bankruptcy can help many people who are having financial difficulties. These are the top reasons to file for bankruptcy.
You aren’t earning enough to cover your debts
You might consider filing for bankruptcy if you are in a situation where you can’t afford to make certain monthly payments. You could end up in deep debt if you make late payments or add on additional charges to your interest.
Your vehicle is under threat of repossession
If your car is your primary vehicle to commute to work, you could keep it. You might be better off negotiating your debts and filing a bankruptcy claim if you are facing repossession.
You are facing a foreclosure on your home
Chapter 13 bankruptcy can be a great way to get your home back and to access up to five years worth of restructuring to your mortgage payments.
You are receiving ongoing harassing calls
Submitting a bankruptcy petition claim if you are receiving harassing calls or lawsuits from creditors will allow you to apply for an automatic stay. This can help you avoid creditors and agencies being able to file lawsuits against you, or contact you to pay your debts.
Contact us today if you are in any of these situations. Our skilled bankruptcy lawyers can assist you in filing for bankruptcy and helping to build a better financial future.
This post was written by Trey Wright, one of the best bankruptcy Tallahassee attorneys! Trey is one of the founding partners of Bruner Wright, P.A. Attorneys at Law, which specializes in areas related to bankruptcy law, estate planning, and business litigation.
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