IF you are up to your neck in debt, you may feel that you have no choice but to file for bankruptcy. But perhaps you’re dreading to make that decision because you’re unsure if it’s the right option for you.
One thing I’ve learned is that most people often get conflicting information from the wrong sources– usually from well-meaning family and friends who try to give them legal advice without really understanding their situation.
Making a decision to file or not to file based on misinformation can be bad for you.
The truth is that as much as your friends and family care about you, nothing takes the place of professional advice. They don’t live your life for you and ultimately, you will need to face the consequences, not them.
Filing bankruptcy right away may not be the best thing to do in some situations. In other cases, however, it is necessary to file immediately in order to protect property, wages, bank accounts and other assets from being taken by creditors.
An experienced Bankruptcy attorney should be consulted without delay when important legal rights are at stake. This is especially true when you have assets that may be at risk if creditors file lawsuits, repossess or foreclose. Judgment creditors may proceed to place a lien against property that you own, garnish your wages or put a levy on your bank accounts.
If you are honestly doing your best to pay your creditors but simply can’t, why suffer when the law allows you to get relief? This doesn’t mean that everyone should just file bankruptcy as an easy way out.
What I am saying is that being bankrupt is not often a conscious choice that people make. Rather it is simply a consequence of poor financial decisions that have already been made in the past. But the past is gone and the decisions are irreversible. Life must go on.
Of course, in a lot of cases, it can also be the result of events in life that are beyond our control. But in those situations where it is not, the willingness to accept responsibility for where you are and the acknowledgement of the fact that where you go from here depends on you 100% are the first steps to financial recovery. Be willing to forgive yourself for the mistakes you may have made while putting your past where it belongs.
Filing for Bankruptcy relief by wiping out debts you can no longer pay or maybe consolidating all your debts into one affordable monthly payment can be a turning point in your life.
Imagine how much your life can change for the better if you can get rid of your debt burdens and not worry about your finances again. Peace of mind is priceless. Think of the benefits of being able to get a handle on your debt again and start saving for the future if you find yourself in a seemingly hopeless financial situation.
When appropriate, Bankruptcy may be just what you need to turn your situation around quickly and help you get your life back on track. Never lose hope. Like most problems in life, this too will soon pass.
If you are in debt and need to find the best solution for your situation, call toll-free 1-866-477-7772 to schedule a free consultation. We have offices in Glendale, Cerritos and Valencia.
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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.