Bankruptcy is not an easy decision.
There are many factors that must be taken into account and the Bankruptcy Code is quite complex. Each case presents a unique set of facts that have to be carefully evaluated under the Bankruptcy Code. You need a qualified attorney working hard on your side.
In the consumer context, Bankruptcy can be a tremendous tool that can be used by individuals to "re-start" their financial circumstances. Unlike debt consolidation and credit counseling, Bankruptcy offers a final solution to an individual's current financial crisis.
Debt consolidation programs lack the finality of the Bankruptcy process and require already cash strapped individuals to enter into monthly payment programs in an effort to settle the debt with their creditors. They are also entirely dependent on the individual creditor's willingness to enter into the negotiation process and refrain from collection activities while the program is in effect.
In order to help understand what Bankruptcy can help with, we have compiled a short list of questions and answers that frequent many of our clients. This list is not intended to be exclusive. If your situation does not fit within any of the situations below, feel free to give the office a call. Remember, all Bankruptcy consultations are free of charge.