Are you struggling with debt problems? Are you doing your best to pay but simply can’t? Have you thought of filing bankruptcy but are afraid that this might not be the right solution to your problems?
Filing bankruptcy is a personal decision that should be taken seriously. Whether or not it is necessary for you to file will depend on the amount of your debts and your ability to meet your financial obligations as they come due.
Being harassed by creditors can be nerve-wracking for a lot of people. This can cause a lot of sleepless nights, worry and stress. Sometimes, marriages fall apart and business relationships are broken. A fresh start may be all that you need in order to start all over again and rebuild your credit. After all, life is not perfect and most of us, at one time or another, will face a financial crisis that is beyond our ability to control.
Filing for bankruptcy relief can give you some breathing room so that you can feel human again, and you can stop the creditors beating on your door. There is nothing shameful about it. It is a remedy provided by law to honest debtors who need a break so they can start a new life. Isn’t this what you need- start a new life?
The decision as to whether and when to file a bankruptcy petition must be based on your individual situation. Sometimes there are a number of strategies for handling debt that can help you avoid filing bankruptcy at all. For example, creditors may be willing to settle or compromise or work out some type of payment arrangement. If you are in foreclosure, the lender may be willing to modify your loan or give you a repayment plan so you can catch up on the delinquent payments and bring your account current. If you are snowed under by credit card debt, credit card companies may temporarily reduce your payments and waive late payment penalties.
You can’t bury your head in the sand and pretend that your debt problems don’t exist because sooner or later, you will need to face your creditors. So what you need to do is to become more pro-active and find out what your options are before things go from bad to worse.
Should you file for bankruptcy? Is this the best option for you or are there ways to avoid bankruptcy? Let us evaluate your situation at no charge. For a free consultation, call Toll-Free 1-866-477-7772. We have offices in Glendale, Cerritos, West Covina, Valencia & Riverside.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped thousands of clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1 (866) 477-7772.