8 Reasons to Consider Personal Bankruptcy

8 Reasons to Consider Personal Bankruptcy

If you have tried everything to make your ends meet, and you are still sinking financially with no hope to improve your situation, it might be time for you to consider bankruptcy.

When you hear the word bankruptcy, most people associate it with words like: lawsuit, fraud, failure, recession, and many more. You might even have your own negative or scary opinion about bankruptcy. Or it might even remind you of that one episode in The Office where Michael declares bankruptcy and then maybe you find it funny.

Whatever your opinion may be, scary or not, what most people do not know is just how beneficial filing for bankruptcy can be for them.

Below are eight reasons why you should consider bankruptcy and how it can help you!

  1. Bankruptcy can eliminate your debt.
  2. Bankruptcy can relieve your stress.
  3. Bankruptcy can give you a fresh financial start.
  4. Bankruptcy can get you a payment plan for the IRS.
  5. Bankruptcy can save your house from foreclosure.
  6. Bankruptcy can stop a garnishment(s).
  7. Bankruptcy can stop a lawsuit.
  8. Bankruptcy can restructure your secured debts.

There are many reasons why bankruptcy can be scary. You might be a provider for your home or have obligations and responsibilities and find the process intimidating. A good attorney will listen to your needs and never make you feel like a failure. Being bankrupt is not always an option, but filing for bankruptcy can be.

Find an attorney that fits your needs and start your life on a fresh path. You are in charge of your future. How do you want it to look?


Disclaimer: Each business and/or individual situation is different and unique. This article is intended to provide you with general advice only and not to be construed as legal advice. If you would like a detailed approach to your particular situation, please contact David J. Winterton & Associates for a consultation to discuss your options.

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