Should I File Bankruptcy?

It’s common to wonder, “Should I file bankruptcy”. Your parents raised you right. You took pride in your credit score. You’ve paid your debts. Now you can’t anymore and don’t know what to do. Bankruptcy isn’t for every situation, but we’ll be honest and tell you if it’s right for yours. To file bankruptcy can be a powerful tool to provide relief and hope.

Maybe it’s time to let go

Firstly, you’ve been paying minimum payments for years. The interest is paid; the balances don’t go down. Don’t cry for the credit cards. This is because they got paid. They have money for celebrities to go on TV asking what’s in your wallet. Don’t cry for Samuel L Jackson.

Secondly, just because you’re struggling financially doesn’t mean you’re a bad person. Sometimes bad things happen to good people. Don’t let your identity get caught up on your FICO score.

Lastly, sometimes it helps to take a step back before you can take two forward. You’ve already tried paying the debts. You know you’re not getting anywhere. Moving forward is better than sitting in place. A new approach might help. Consequently, if you file bankruptcy, you can begin rebuilding.

It’s probably a good idea to talk to a bankruptcy attorney. Just to go over options. It can be better than doing nothing. What seems like the last resort sometimes is the best.