IF YOU are facing the prospect of filing bankruptcy for the first time in your life, this could be a frightening process. You probably have a thousand questions going through your mind as you contemplate your next move. Is bankruptcy the right thing to do or will it only make my situation worse? Will I lose everything that I have? Will my credit ever recover? Will the whole world know that I filed bankruptcy?
I think it is human nature to be paralyzed with fear when we are dealing with uncertainty so most people end up doing nothing. Initially, you may believe that you can handle your financial problems on your own without getting any help. Unfortunately, once you let your bills get behind, the problem quickly escalates and it becomes harder and harder to catch up with every month that goes by. This is a risky game to play especially when you’re falling behind on your mortgage or car payments since you’re now in danger of losing the roof over your head or your only reliable transportation to get to work. If you don’t find a quick solution, things can easily go from bad to worse. This is not what you want, is it?
How about putting the law to work for you? Filing bankruptcy can provide immediate debt relief, whether you’re eliminating debts you can no longer pay or simply reorganizing your finances so that you can pay your creditors slowly as you’re able. The law says that once you file, creditors must leave you alone immediately. This gives you some breathing room, allowing you think more clearly while trying to get back on your feet. Bankruptcy is nothing more than a tool that you can use for financial recovery.
Consult with an experienced bankruptcy attorney who can explain to you how bankruptcy may possibly work to your advantage. And if you come to the conclusion that it is in fact your only way out of debt, don’t drag your feet in implementing the solution. Keep in mind that the sooner you act to know your options, the sooner you will also find out if non-bankruptcy alternatives exist. Inaction can only worsen your problems, and you may find yourself having no choice but to file bankruptcy at the last minute in order to deal with lawsuits, garnishments, bank account seizures or liens against your property. Plan ahead of time so you’re not caught unprepared. If you need help, call my Valencia office at (866) 477-7772 and I will help you make the right decision for yourself and your family. We have offices in Pasadena, Valencia and Cerritos.
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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.