IF you are facing the prospect of filing bankruptcy for the first time in your life, it could be a frightening process. I bet you have a thousand questions going through your mind right now. 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? What will my family and friends think if they find out that I filed bankruptcy?
I think it is human nature to sometimes deny reality when things get difficult. 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 get ugly. What are you going to do for financial survival?
Eventually, the collection calls start. Bill collectors will start calling you at work, at home and on your cell phone. They will also start flooding your mailbox with delinquent notices and registered letters. Of course, the interest charges begin to accumulate on your debts as well as late fees and penalties. If the amounts keep increasing, how will you ever get out of debt especially when creditors are not willing to work with you? Creditors may be harassing you but keep in mind that they are simply trying to collect what you legitimately owe them (although I have to say that a lot of these collectors get pretty abusive with their intimidation tactics and this may be in violation of collection laws). If you are in this situation, you may feel like the walls are quickly closing in on you and you have no way out. You may be experiencing a lot of anxiety, fear and sleepless nights. Are you confused about what you should do to protect yourself, your family and everything you’ve worked so hard for?
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 will no longer be able to even call you. This gives you the time you badly need to breathe, think and feel like a human being again. How about a good night’s sleep for a change? If you are out of options, stop looking at bankruptcy as a “problem” when it could actually be the “solution” that you need to turn your life around.
Consult with an experienced bankruptcy attorney who can explain to you how the bankruptcy laws may help you. And if bankruptcy is in fact your only way out of debt, don’t drag your feet in doing it once you’ve made the decision to file. Keep in mind that the sooner you consult with a bankruptcy attorney, the sooner you will also find out if there are alternatives to bankruptcy. It may be possible to avoid bankruptcy if you act soon enough before it becomes the ONLY option. Procrastination can only worsen your problems and you may find yourself having no choice but to file bankruptcy in order to deal with lawsuits, garnishments, bank account seizures or liens against your property.
I can review your financial situation to determine how the bankruptcy laws might give you the relief that you need as quickly as possible. You can schedule a free office consultation with me by calling Toll-Free 1-866-477-7772. We have offices in Glendale, Cerritos, West Covina 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 over 4,000 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.
