Believe it or not, there are telltale signs that a person is facing a probable bankruptcy filing. In most cases, bankruptcy will provide immediate relief if you find yourself in the following common situations:
1.) Your paycheck or bank accounts are being garnished;
2.) You receive harassing phone calls or letters from people you owe money to;
3.) You find yourself paying for groceries, gas or other monthly necessities with credit cards because all available cash is being used to pay credit card or medical bills;
4.) You are more than 30 days behind on a mortgage or car payment;
5.) You have been considering borrowing money from 401K or retirement fund to pay off your creditors;
6.) You are being sued;
7.) Your house is being foreclosed;
8.) Your car is being repossessed;
9.) You are using a paycheck advance company to provide cash on a regular basis;
10.) You can’t sleep at night because you are worried about how you are going to pay the bills.
If any of the above describe your situation, it might be time to consider bankruptcy. Chapter 7 bankruptcy and Chapter 13 bankruptcy are real options for real people. Most people are ashamed to admit they might need a bankruptcy to regain control of their financial situation. With the current recession and housing crisis, you should not feel alone. It is a way of regaining control of your finances and providing a realistic plan for the future so that you can sleep at night again. I have represented over 1300 people in bankruptcy cases and can tell you if bankruptcy would provide the best solution for your unique situation. If bankruptcy is not an option, I will advise you on the best plan for you and your family. The initial consult is free. What have you got to lose?