Often people at the first sign of financial
trouble consider bankruptcy as a solution to their debt problems.
Not exact matches
Before filling out a credit card application after your
bankruptcy, though,
consider the reasons you got into financial
trouble in the first place and if getting more credit is a move you can handle at the moment.
If you are in enough financial
trouble that you are actively researching personal
bankruptcy, your credit score may be the least important factor for you to
consider.
Some of the common things consumers do before they
consider bankruptcy include: • Cash out their retirement funds to pay debt • Pay a debt settlement company to settle their debts • Settle their debt by dealing directly with the creditor or its attorney In some cases, these
bankruptcy alternatives can be just what the doctor ordered, however in others they can put you in deeper
trouble without meaningful debt relief.
There have also been some recent cases that show how the
bankruptcy courts are contemplatively
considering the situations of student loan debtors in
trouble.
If you're having
trouble paying debts and are
considering bankruptcy, we can help.
If you're having
trouble paying bills or you're just making the minimum monthly payments, it may be time
consider filing
bankruptcy as a way to possibly get back on track.
Consider bankruptcy in the most
troubling circumstances, like if you have zero income, your house is in foreclosure, or you're already in legal
trouble for past due bills.