If you are like many Americans across the country, you are living paycheck to paycheck and having a hard time paying your bills. If you are tired of the financial struggle, it is time to consider filing a Chapter 7 or Chapter 13 bankruptcy. The first step is to objectively assess your debt.
How do you assess your debt? There are numerous websites available that make it easier than it used to be. You can take a “debt quiz” that will prompt you with numerous questions about your financial situation. By answering yes or not to these questions, the website can provide you with recommendations on how to improve your finances.
Another helpful tool you can find online is a debt calculator, which allows you to enter the amounts of your debt and the applicable interest rates. By using the debt calculator, you can see how your debt will continue to grow and what actions you must take in order to pay it off.
The most important thing you can do is to be honest with yourself about your finances. If you have a temporary financial setback such as a loss of employment or divorce that can be overcome, then diligently sticking to a budget may rectify your situation. However, if your debt is overwhelming and you do not see an end in sight, it is time to meet with an experienced bankruptcy lawyer. Eliminating your debt and obtaining a “fresh start” can get your financial life back on track. At the very least, a bankruptcy attorney can review your financial situation and help you understand all of your debt relief options.
If you are considering filing for bankruptcy protection, call DeLadurantey Law Office, LLC, at (414) 377-0518. We believe that each client should receive the individual attention necessary to reach their financial goals. Recognizing the needs of working clients, we maintain a flexible schedule and offer evening appointments. Initial consultations are always free, and phones inquiries are always welcomed. Find us on the Internet and on Facebook.