Chances are that your question was spurred by one of the following reasons:
- You have just received a lawsuit for an unpaid debt owed to a credit card company or for unpaid medical bills.
- You have had your wages or state tax refund garnished.
- You have received notice of a foreclosure or sheriff’s sale for your home.
- Your car was repossessed.
- You have received notice from the IRS that you have been assessed for unpaid taxes.
If you have experienced one of these things, it is almost certain that you should investigate filing bankruptcy, and file it fast in order to avoid the loss of further property. Additionally, it is often possible that your attorney can recover any money or property that has been taken from you in the 90 days before you file your bankruptcy petition. If you wait until the 91st day, that property cannot be recovered.
If you have not experienced any of the events listed above, you are most likely in the minority of people considering bankruptcy because you have viewed your budget and determined that, at some point in the near future, you will not be able to make payments on the debts you have accumulated, or that the monthly payments on your debts will cause you and your family to endure incredible hardship.
The fact that you do not have file bankruptcy immediately is an incredible advantage to you. In speaking with a bankruptcy attorney, you can use this additional time to plan for life after bankruptcy in a way that is often not available when there is a rush to file your case.
At no cost to you, our office can quickly calculate your household budget and determine whether bankruptcy is the best option for you, or if you would be better served by negotiating the debt that you have accumulated.
If you are experiencing financial hardship, or foresee financial hardship in the near future, delay in formulating a plan for dealing with your financial hardship can cause irreparable harm that you don’t need to experience.
You have the weight of the world on your shoulders. Contact us at (810) 235-9000 to meet with one of our business or personal bankruptcy attorneys for a free initial consultation so that you can look to a debt-free future.