If you are asking yourself, “Should I file bankruptcy?” then you are probably giving careful consideration to solving your debt problem.
The Law Offices of John E. Mufson in Delray Beach, Florida, understands that if you are asking this question, you want honest, helpful answers. With more than 25 years of experience, Delray Beach personal bankruptcy attorney John E. Mufson can provide the information you need to obtain a clear answer.
We encourage you to think about the following points when weighing your options for or against filing bankruptcy.
- There is no reason to feel embarrassed about filing Chapter 7 or Chapter 13 bankruptcy. People from all walks of life can find themselves in financial trouble due to medical bills, job loss, divorce and a variety of other reasons. While it is honorable that you have tried to avoid filing bankruptcy, at a certain point it can be the smarter decision to file.
- It is unlikely anyone will find out that you have filed bankruptcy. The people in your life — family, friends, co-workers and neighbors, for example — will never need to know you filed bankruptcy unless you tell them.
- Bankruptcy gives you a fresh start. If you continue living with your unmanageable debt, you will continue living in stress. If you file bankruptcy, you can feel the weight lift off your shoulders, even after your first consultation at our law firm.
- Your credit can improve with bankruptcy. While your credit score may take an initial hit, over time you can rebuild your credit. If you continue living with unpaid bills, your credit score will continue to suffer.
- Filing bankruptcy is your constitutional right. The United States Bankruptcy Code was established specifically for debtors who need assistance obtaining debt relief. The law is on your side. If you have filed a Chapter 7 bankruptcy more than eight years ago, you still qualify to file bankruptcy.
- You can put a stop to the harassing phone calls from creditors, wage garnishments, foreclosure proceedings, repossession proceedings and all of the other incredibly stressful events that come with severe debt.
Above all else, if you are asking yourself, “Should I file bankruptcy?” you should also ask yourself, “Where do I want to be in five years?” Do you want to be even further in debt, perhaps with your hard-earned money being garnished from your paycheck? Do you want to still be living in fear of the bill collectors on the other end of the phone? Do you want to feel like it is impossible to dig yourself out of the financial hole you are in?
Or do you want to be living life with all of that behind you?