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.

1. You’re unemployed
2. You’re underemployed
3. You have a serious medical condition that’s expensive to treat
4. You don’t have health insurance and have mounting medical bills
5. Your house is underwater (you owe more than it’s worth)
6. Your mortgage interest rate is outrageously high and continues to adjust
7. Your spouse lost his/her job
8. You had a child/another child
9. You got divorced and now support two households
10. 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.