Are you headed towards bankruptcy?
As bankruptcy proceedings should generally only be undertaken when you lack other available options for relief, it is important to be aware of the common signs that indicate significant financial difficulties are soon to come. Some of the most common bankruptcy warning signs include:
Creditor / Debt Collection Harassment
Harassment from creditors and debt collectors is a strong indication that your debts have become an issue to be concerned about. While the underlying fact is that you may have failed to remain current on your payments, you also have the right as a consumer to be treated fairly. My firm can handle all creditor correspondence and can also provide you with legal advice and assistance should you believe that your rights have been violated.
Significant Credit Card Debt
If you have significant credit card debt, you most certainly are not alone. Credit card debt has become a near epidemic in America, and if you are not comfortable with paying more than the minimum monthly payments or if your payments are seriously past-due, it might be a sign of a bigger problem.
Marital Discussions About Debt Problems
If you are enduring creditor harassment and/or only paying the minimum payments on your credit card debt, then there is a strong chance that you are having what I call “marital discussions” about your debt problems. Solve your debt problems and save your marriage, because the alternative is worse.
Losing Sleep Over Debt Problems
If you are losing sleep, it’s probably not your mattress causing the problem – it’s probably your debt. Imagine what things would be like if you let your debt problems go one for another few months or years. Will it be easier to solve as those debt problems get bigger?
Using retirement Money or Home equity
Your retirement money and home equity are protected from creditors, so why give those creditors what they cannot take from you? Retirement money and home equity are even protected in bankruptcy. Solve your debt problems with debt solutions, and save your retirement money for retirement.
Other Warning Signs
While these are the most important and alarming bankruptcy warning signs, there are also many more. Other signs can include a lack of an emergency fund, struggling from paycheck to paycheck, borrowing too much on student loans and more.
Experienced San Antonio Debt Relief Lawyer
If you have experienced any of these warning signs or if you are concerned about your debts, you have nothing to lose by reaching out for help and scheduling a free case evaluation with my firm. We are here to help evaluate your case and to determine if you may obtain relief through filing for bankruptcy. By taking preemptive measure and being proactive you may be able to resolve debt problems more easily and quickly. Contact my firm to learn how a San Antonio bankruptcy lawyer can be of assistance to you.
