When Bankruptcy May Be the Right Choice
As with every major decision about your life and future, only you can decide if filing for bankruptcy is the best thing to do in your circumstances. Remember, it is not a quick solution to financial problems; it is a complex and sometimes difficult process. However, declaring bankruptcy can also be the most reasonable path to restoring your finances and your credit score.
If you think bankruptcy may be the right choice for you, an experienced Milwaukee bankruptcy attorney can help you complete each step with minimal complications. For the knowledgeable guidance and support you need, call the DeLadurantey Law Office, LLC at 414-377-0518.
Questions to Ask Yourself
If you think it may be time to file for bankruptcy, answering the following questions honestly may help you clarify your thoughts on the subject:
- Can I repay most of my debts if I change my budget? A reliable credit counseling course can help you learn new strategies for managing your finances successfully, and will likely be required before you can file for bankruptcy anyway. However, some people simply do not have the means to repay their debts even with very careful budgeting.
- Do I qualify for bankruptcy? There are certain legal requirements for filing for either Chapter 7 or Chapter 13 bankruptcy. A Milwaukee bankruptcy lawyer can help you determine whether or not you meet them.
- Will any of my debts be discharged in bankruptcy? Some kinds of debt, including most credit cards, can be discharged or forgiven. Others, like taxes or family support, cannot. Before choosing bankruptcy, you need to develop realistic expectations about the process.
These are only a few of the factors to consider when making this decision. A qualified Milwaukee bankruptcy attorney can help you make a fully informed choice.
The DeLadurantey Law Office, LLC works hard to help each of our clients climb out of debt. Contact our Milwaukee bankruptcy lawyers today at 414-377-0518.