Wednesday, June 28, 2017

5 Signs That You Are Ready For a Bankruptcy Lawyer (in the USA)

Consideration has been given for the editing and publishing of this post

Many people fear bankruptcy. However, it’s often an irrational fear. Bankruptcy may be necessary for you to get out of debt. In fact, you could be making your debt troubles worse by not filing for bankruptcy. Obtaining help from a bankruptcy lawyer could make your financial troubles go away. Here are five signs that you may need help from a bankruptcy lawyer.

1. You can only make your minimum credit card payments

If you can only make your minimum credit card payments, things can go bad quickly. Eventually, you’ll need to start paying off your debt. If you’re piling up more debt as you pay your minimums, it won’t be long before things get out of control. You need help, and you need it sooner rather than later.

2. The bill collectors won’t stop calling

When the bill collectors call you constantly, it’s a sign that your debt is getting out of control. You might think that ignoring them will make them go away. But that’s far from the truth. They don’t stop until they get what they want- the money you owe them. The only way to get rid of them is to pay off your debt in full or to find another way out of debt. A bankruptcy lawyer can help you do that.

3. Your financial troubles cause you constant fear and stress

Debt can be a heavy burden. If you’re spending hours each day worrying about your debt, you should get help. You might be worried about facing garnishments or stressed about paying your credit card bills. No matter how your debt is affecting your life, you should take action.

4. You’re thousands of dollars in debt, but unsure how much you owe

You may have so much debt that you can’t keep track of it all. This is a sign that the situation has gone too far. Chances are, you’re not making your minimum payments on all your debts. And that means that the problem will get worse quickly.

5. You use credit cards to pay for your basic needs

WHen you have trouble paying your credit card bills or loans, adding to that debt is a problem. If you need to use a credit card to buy your food and clothing, you won’t be able to keep up with the bills. You will fall further and further into debt.

Get The Help You Need

You might not be sure that bankruptcy is right for you. But that doesn’t mean you shouldn’t seek help from a bankruptcy lawyer. A lawyer like this Maui attorney can help you determine the best way to take on your debt. And they can explain the process to you so that you know exactly what to expect. Finally, they can tell you what behaviors to avoid. You don’t want to make the problem worse than it already is.

If you’re struggling with debt, you should consider getting help. You might find out that your path to a debt-free life isn’t as difficult as you think.