Facing financial stress is never fun, especially when things are so serious that you are contemplating filing for bankruptcy protection. If you are seriously considering this alternative, one of the most important things that you can do is take a pause and reflect on your situation.
Is it Really the Best Alternative?
The first thing that you should do carefully examine what your options are. Most bankruptcy attorneys offer a free consultation. It is a good idea to go speak to an attorney even if you have not yet made the decision to file. The reason is that bankruptcy laws that were passed in 2005 make it much more difficult for most people to file for Chapter 7 protection. This means that you may only have the option of filing for Chapter 13. Chapter 13 is a long process that essentially requires you to give up all financial control to your bankruptcy trustee. While it certainly has its place, you should carefully explore of your options before you file any type of bankruptcy.
Bankruptcy Law Attorney, Seattle Bankruptcy Attorneys, Bankruptcy Chapter 13,
What are Some Other Options
Regardless of which type of bankruptcy you are considering, there may be other alternatives that are better. Remember - bankruptcy is serious business and something you should avoid if at all possible. Other alternatives to consider are credit card debt settlement and consumer credit counseling. Neither alternatives are likely to be perfect solutions to your predicament, but they may be a better alternative than filing for bankruptcy protection. You should understand that both options will do damage to your credit. This may not be a major concern, because chances are if you are seriously considering filing for bankruptcy, your credit is already fairly damaged.
Planning for Recovery
Regardless of which path you choose, you need to begin thinking ahead as soon as you can. While the temptation may be there to avoid dealing with credit for some time, chances are this is not the best solution. Unless you determine that you are genuinely incapable of managing credit (i.e. you are a shopaholic with spending control issues) you will want to begin reestablishing good new positive accounts as soon as you can.
Although things are very difficult right now, you need to realize that this time in your life will pass. You will not always be going through financial stress and things will get back to an even keel in time. Now is a good time to make a commitment to your financial health and set some goals for your future. As they say, "It is always darkest before the dawn!"
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
Rating of Cost Of Bankruptcy Lawyer
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment