When is the Best Time to File for Bankruptcy?

by DeLadurantey Law Office, LLC on January 4, 2012

As with many events and decisions in life, timing is a crucial part of filing for bankruptcy. Deciding that bankruptcy is the best course of action is a big decision and can significantly impact your life and future; however, even more important than deciding to file for bankruptcy can be deciding when to file for bankruptcy. In some cases, not filing right away can actually benefit you because it gives you time to explore other options, while other cases may require you to file as soon as possible.

When to File

There are many instances where you may want to consider delaying or hurrying your bankruptcy filing in order to benefit you financially. Some of these situations include the following:

  • Dealing with foreclosure or mortgage modification
  • Speeding up your filing before the division of property process of your divorce
  • Waiting to explore other options besides bankruptcy

Deciding when to file for bankruptcy can be difficult, but an experienced bankruptcy attorney can guide you through the entire process.

If you can no longer face your debt on a daily basis and want to discuss filing for bankruptcy, make sure you speak with a qualified and skilled attorney. At the DeLadurantey Law Office, LLC, our Milwaukee bankruptcy lawyers can help answer your question so you can make the best decision for you and your family. Call us today at 414-377-0518 and schedule a free consultation.


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