7 Good Reasons to File for Bankruptcy

There are many circumstances in which filing for bankruptcy can be beneficial. Here are just a few:

If the bank is about to foreclose on your house, filing for bankruptcy could stop this and even allow for a new payment structure that could assist you in paying off all of your arrears.

Bankruptcy can help you recover a vehicle repossessed by one of your creditors.

If you have big medical bills, particularly if combined with employment loss, it can result in an almost impossible financial pit in which you could get stuck. Filing for bankruptcy can decrease or even completely eliminate your large medical bills.

Bankruptcy can keep creditors from harassing you, particularly if they are being unreasonable, unfairly aggressive  or fraudulently trying to take more from you than what you owe.

If you have had your utilities shut off, filing for bankruptcy will help you restore your services so you can have the essentials you need to live.
Bankruptcy may not completely eliminate your student loans, but it could assist you in reducing the amounts you owe so that you can get them paid off in a reasonable amount of time.

Bankruptcy can stop the garnishment of your wages which will allow you to afford the bare necessities of life.

Do any of these reasons describe your situation? If so, filing for bankruptcy may very well be the most logical and best decision for you to get to a fresh start toward a brighter financial future. Call us to see how filing for bankruptcy can improve your situation. 

Are You Considering Filing For Bankruptcy?

If you feel bankruptcy is the best option for your financial situation you need to speak with an experienced bankruptcy lawyer as soon as possible. Please contact us online or call our office directly at 888.348.2616 to schedule your free consultation.

James Roswold
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James Roswold is a Kansas & Missouri personal injury, workers comp, and medical malpractice attorney.