Should I file bankruptcy?
Whether or not you should file bankruptcy depends on your particular circumstances. It may be that after consultation with an accountant and attorney, you resolve your financial difficulties through other means. In some cases, declaring bankruptcy may be necessary. The decision to file for bankruptcy is a serious one. For more information about filing bankruptcy, go to the federal website at http://www.uscourts.gov/bankruptcycourts/prose.
Whether or not you should file bankruptcy depends on your particular circumstances. It may be that after a consultation with our firm we advise you to resolve your financial difficulties through other means. In some cases, declaring bankruptcy may be necessary. The decision to file for bankruptcy is a serious one.
It is relatively easy to file bankruptcy and it will give you some immediate relief. However, the long-term consequences can be much more difficult. This is not an easy decision, and you should first exhaust all other options. There are also different types of bankruptcy proceedings, so the decision may not be as simple as you think. Furthermore, the decision is also one that you shouldn’t make without first getting financial and legal advice. A primary purpose of the bankruptcy laws is to give relief to people whose financial problems have become so severe that they cannot deal with them any more. You may want to file bankruptcy if there’s a black cloud of credit problems hanging over your head that just won’t go away. In these situations, the relief of filing bankruptcy will usually outweigh the inevitable drawbacks (for example, hurting your credit history and being embarrassed). If you’re even thinking that you may be at the point of filing bankruptcy, you should absolutely go to s
Nobody can tell you whether or not bankruptcy will work for you. However, the Florida bankruptcy attorneys at Matthew Mazur, P.A. can help you decide whether to file based on your current financial picture. Some reasons to consider filing bankruptcy include inability to pay monthly minimums, impending foreclosures or property seizures due to non-payment, and/or inability to pay off debt due to adverse financial circumstances such as the death of a partner, a severe illness, or a lost job.
In today’s economic climate a lot of people are asking themselves that question. If you’re in financial trouble and unable to pay your current debts, you may be asking yourself that question. And, it’s a serious question. You shouldn’t move toward bankruptcy without spending a significant amount of time considering the consequences of filing bankruptcy. So, to help you with your “Should I file bankruptcy?” question and answer, here are some things to ponder. 1. Think seriously about the impact bankruptcy will have on your credit report. Yes, your credit report may be suffering some right now because you’re having trouble paying your debts on time. But, if you file bankruptcy you’ll definitely cause serious damage to your credit report. You’ll be able to repair your credit. But, it’ll be an uphill battle. For more information on what you’ll face trying to repair your credit after bankruptcy, see the articles on this site under the category Credit Repair After Bankruptcy. 2. You’ll have
