WHEN IS IT TIME TO CONSIDER BANKRUPTCY?

When you can no longer pay your bills on time, or when paying all of your bills on time would not leave enough money to pay your regular living expenses, you are looking at an unending nightmare. In some cases, it may be an unforeseeable event, like illness, injury, loss of employment, loss of a spouse or loved one.

Under these circumstances your debts will continue to grow with accumulating interest and penalties, and your money problems will only get worse. If you cannot pay your bills, before long collection letters and calls will start, you will probably be sued and a judgment will be entered against you and your property. Judgments can be followed by repeated garnishments of your income and your bank accounts which can ruin your monthly budget. Missing car payments will result in the vehicle being repossessed leaving you without transportation to work. Missing mortgage payments will result in the mortgage company foreclosing on your home.

Therefore, it is time to consider bankruptcy, when it becomes clear that you cannot pay your bills on time. Contact us today and get the help you need.