FILING Bankruptcy is a serious decision for most people. Most don’t have a clue about how the process works until they actually consult with an attorney. Confusion often results from hearing conflicting personal opinions from people they know. Sad to say, well-meaning friends and family often give the wrong advice and the results can sometimes be disastrous. Remember that as much as your friends and family care about you, nothing takes the place of professional advice.
Filing right away may not be the best thing to do in some situations. In other cases, however, it is necessary to file immediately in order to protect property, wages, bank accounts and other assets from being taken by creditors. An experienced Bankruptcy attorney should be consulted without delay when important legal rights are at stake. This is especially true when you have assets that may be at risk if creditors file lawsuits, repossess or foreclose. Judgment creditors may proceed to place a lien against property that you own, garnish your wages or levy on your bank accounts.
If you are honestly doing your best to pay your creditors but simply can’t, the law provides a remedy for your situation. I am not saying that bankruptcy should just be a quick way out of debt in every situation without regard for personal responsibility. What I am saying is that being bankrupt is not often a conscious choice that people make. Rather it is simply a consequence of poor financial decisions that have already been made in the past. But the past is gone and the decisions are irreversible. Life must go on. Of course, in a lot of cases, it can also be the result of events in life that are beyond our control. But in those situations where it is not, the willingness to accept responsibility for where we are and the acknowledgement of the fact that where we go from here depends on us 100% are the first steps to financial recovery. Be willing to forgive yourself for any wrong decisions you may have made while putting your past where it belongs.
Filing for Bankruptcy relief by wiping out debts you can no longer pay or maybe consolidating all your debts into one affordable monthly payment can be a turning point in your life if you find yourself in a seemingly hopeless financial situation. When appropriate, Bankruptcy may be just what you need to turn your situation around quickly and help you get your life back on track. Never lose hope. Like most problems in life, this too will soon pass.
As we start a brand new year, it’s time to reflect on where you are at the moment and what you need to accomplish to achieve whatever financial goals you have. If your debt problems are stopping you from having the kind of life that you want for yourself and your family, only you can do something about it- whatever solution you choose to get you out of the financial mess you may be in. For a free consultation, call my office at 866-477-7772. I have offices in Los Angeles, Pasadena, Cerritos and Valencia.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped thousands of clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1 (866) 477-7772. (Advertising Supplement)