With filing numbers down, now is a time to pursue bankruptcy

Money problems are emotional, and it’s common to want to look away rather than think about mounting debt. I offer free consultations in part to help people consider their options before they reach the point of crisis: a foreclosure notice, a wage garnishment, debt collectors taking you to court over those unpaid bills. There is no obligation to file for bankruptcy just because you’ve talk to an attorney about it. Frankly, I often advise people that bankruptcy is not the best option in their individual situation.

This is a strange time in our country: high inflation, rising interest rates, and low unemployment. This combination has led to a very low number of bankruptcy filings overall. This actually means it’s a very good time to get a free consultation, because if bankruptcy makes sense then the case can be filed relatively quickly, and you’ll be that much closer to having your debts discharged.

If you are experiencing or are expecting:

• medical expenses that insurance doesn’t cover,

• a change in your income,

• missed payments that are affecting your credit rating,

• the need to pay some bills and ignore others each month, or

• borrowing money from friends or relatives to get you through to your next payday,

you may be heading toward a situation that could benefit from bankruptcy protection. Bankruptcy stops creditor calls and letters, and allows you some breathing room to reorganize your situation.

The consultation is free. Call Selby Legal today.