Since we’ve been in the bankruptcy business for twelve years, we’ve heard this question a million times and we think we have a pretty good handle on what the key signs are that it’s time to consult a bankruptcy attorney. Of course this list doesn’t include every scenario (and if you have others, please email them to us to add to the list), but we think it’s a good start for those thinking about a Chapter 7 or Chapter 13 bankruptcy.
- You’re unemployed
- You’re underemployed
- You have a serious medical condition that’s expensive to treat
- You don’t have health insurance and have mounting medical bills
- Your house is underwater (you owe more than it’s worth)
- Your mortgage interest rate is outrageously high and continues to adjust
- Your spouse lost his/her job
- You had a child/another child
- You got divorced and now support two households
- Your spouse died unexpectedly and now you’re trying to survive on a single income
If any of these situations feel familiar to you, you should consult with a bankruptcy attorney. You may be eligible for relief under a Chapter 7 or Chapter 13 bankruptcy. A Virginia bankruptcy attorney will help you to analyze your assets and debts, and help you to decide whether a bankruptcy will give you the fresh start you need so that you can resume living your life instead of being trapped in a debt nightmare. Bankruptcy is a powerful financial tool, and can transform your life after you’ve suffered a serious life event. Give us a call today and come in to chat. We may be able to help you.