Will Bankruptcy Help Me?

Bankruptcy can give you a fresh financial start on life and can seem very attractive to people who cannot afford to pay their bills as they become due. However, the process is not for everyone. Timing of the bankruptcy filing is very important. Filing for bankruptcy may affect your credit for years to come or have other serious consequences that you will need to consider.

You may wish to consult a lawyer to assess the pros and cons of filing in your particular situation. Perhaps you will be able to work out a debt repayment plan on your own. Possibly you will do best to get help from consumer credit counseling services. Or perhaps bankruptcy will be your best solution later on down the road, but not necessarily at this time. Whatever route you take, you will need to gather some basic information before proceeding further. Many attorneys will give a free consultation to discuss the benefits and risks of a bankruptcy and what alternatives to bankruptcy are available.