Is Bankruptcy Right for Me?

When You Should File for Bankruptcy

Resolving a personal financial crisis can be stressful and leave a person feeling helpless. Especially when being harassed by debt collection agencies or even receiving lawsuit threats, it can seem as if there is no hope. But there are solutions. Bankruptcy can be a possible route to cleaning up the financial situation you are in. But before filing for bankruptcy, it is important that you review all of your options, as there are advantages as well as disadvantages. For one thing, bankruptcy stays on your credit report for ten years. On the other hand, filing for bankruptcy can stop creditor harassment with abusive phone calls, repossession, foreclosure and wage garnishment. While bankruptcy may be a solution to financial hardship for some, it's not the best solution for everyone. For some people, debt consolidation, a debt settlement, or a loan modification may be a better solution.

If you have fallen behind on your debts, from credit card payments or perhaps a divorce, medical emergency, or job loss - bankruptcy is something you should consider before emptying retirement accounts. Getting the expert advice of an experienced Douglas County bankruptcy attorney could help you determine if this really is the best debt relief opti on for your situation. Usually those who have overwhelming debt and have no hope of ever paying it back would most likely benefit the most from filing for Chapter 7 bankruptcy. Under Chapter 7, many of your assets can end up being exempt from liquidation.

Bankruptcy Lawyer in Douglas & Cobb County

The Faucette Law Firm, LLC focuses on delivering personalized service to people who need to file for bankruptcy. You can contact us any time 24/7 to speak about your case, and we will provide you with an in-depth consultation before getting started. Bankruptcy isn't the best choice for everyone, and there are many possible alternatives to bankruptcy. Whichever option works for you, we will assist you with every phase of the process. We also serve residents of Douglasville and Fulton and Cobb Counties.

Contact a Douglas & Cobb County bankruptcy attorney to find out if bankruptcy is the best solution for your situation.