If you are burdened by overwhelming debt and you are struggling with when is the right time to file bankruptcy, let us help. While there is no special formula for determining when you are ready to file a Chapter 7 or Chapter 13 case, we will review your unique circumstances and help you understand all of your options. Below are a few considerations:
- You are eligible to file for bankruptcy protection. For information on qualifying for a Chapter 7 filing, please read our blog titled “Chapter 7 Means Test Explained.“
- The majority of your debts are unsecured, such as credit card or medical bills, which can be discharged. The ability to eliminate a large portion of your debt is one of the greatest benefits of filing for bankruptcy.
- You understand the consequences of filing a personal bankruptcy, including how it affects your credit score.
- You are emotionally prepared to file your case. Most clients experience a huge feeling of relief when they file a Chapter 7 or Chapter 13, some also feel guilt for not paying their debt. This is normal, but it is important that you prepare yourself for having conflicting feelings about your filing.
- You are ready to change your bad habits. Bankruptcy relief provides you with a fresh financial start, but to fully benefit, you must be willing to be financially responsible in the future.
If you are interested in learning more about bankruptcy and discussing whether you are prepared to file a case, schedule an appointment with the lawyers at DeLadurantey Law Office today.
Contact The “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office. LLC. DeLadurantey Law Office focuses on Chapter 7 and 13 bankruptcy, debtor’s rights, debt negotiations, debt relief, mortgage loan modifications, and foreclosure defense. A “defender of the little guy, “DeLadurantey Law Office serves the following location – Milwaukee, South Milwaukee, West Milwaukee, Waukesha City, Waukesha Town, Kenosha, Racine, and all other municipalities in Milwaukee County, Waukesha County, Kenosha County, and Racine County. We can be contacted by phone: (414) 377-0518 and can be found on the Internet and on Facebook.