Knowing When to File for Bankruptcy: Questions to Ask Yourself

Tough times happen for all types of people, especially when it comes to
finances. Fortunately, the federal government understands that individuals
and business owners may find themselves facing insurmountable debt, and
as a result, searching for solutions to a very real problem.

The U.S. Bankruptcy Code was created to help “honest but unfortunate”
debtors who find themselves facing difficult financial circumstances and
overwhelming debt. Regardless of how your financial problems came about
– whether through unforeseen injury, job loss, or anything else
– federal law affords you the opportunity to find solutions that
can help you regain financial freedom as you move forward in life.

Chances are that if you’re experiencing financial problems, you know
it can be troublesome in many ways. When considering if it’s time
to take action, it’s a good idea to ask yourself a few questions
to get a better grasp on your financial situation, it’s impact on
your life, and how you can go about seeking professional assistance with
bankruptcy or other forms of debt relief.

Questions to ask yourself when facing financial problems:

  • Can you continue making minimum payments on credit card balances? Are credit
    cards being used to cover daily living expenses and necessities?
  • Do bill collectors or debt collection agencies keep contacting you? Have
    you been avoiding their collection attempts?
  • Have you experienced symptoms of debt such as
    foreclosure, eviction,
    repossession, utility shutoffs, or wage garnishments?
  • Do you feel like you have lost control of your finances?
  • Do you worry about how you will make payments each month?
  • Do you know how much debt you really owe?

Bankruptcy can be a powerful tool for addressing these problems and finding
financial relief, but everyone’s financial situation is unique and
the process can appear daunting and unfamiliar. If you feel it’s
time to gain control of your finances, our legal team at Allmand Law Firm,
PLLC is available to help you take a close and personalized look at the
problems you’ve been experiencing, answer your questions, and discuss
how we can help you explore and pursue your available options for relief.

Our team of experienced bankruptcy lawyers is led by Attorney Reed Allmand, a
Board Certified Bankruptcy Specialist by the Texas Board of Legal Specialization. This is a distinguishing achievement held by a small percentage of lawyers
throughout the state. We’ve helped thousands of clients throughout
Dallas, Fort Worth, and the surrounding areas of Texas, and we’re
ready to help you. Don’t wait to take the first step toward learn
more! You can also visit our
FAQ page for more information.

Contact us today to request a FREE financial empowerment session!

By | 2017-12-13T02:00:14+00:00 December 5th, 2016|Bankruptcy|Comments Off on Knowing When to File for Bankruptcy: Questions to Ask Yourself