Many people who are going through a financial hardship wonder whether their situation is bad enough to file for bankruptcy. If you are thinking about filing for bankruptcy, then it is best to speak with an attorney. There are several signs that indicate you will need to call a bankruptcy lawyer.
You Have a High Credit Card Balance
Credit cards are great for making purchases. However, if you are only making the minimum payments, then your balance can quickly grow. You may not be able to pay off the balance once it hits a certain limit. If you do not think that you will be able to pay your balance off, then it is a good idea to call a local bankruptcy attorney.
Your Lenders Are Calling You
If you are not paying off your debt, then the creditors will come after you. They could start calling you day in and day out. If you are tired of the harassment, then it is time to call a bankruptcy lawyer. Lenders will not be able to contact you after you file for bankruptcy.
You Have Unsecured Debt
It is a common misconception that people only file for bankruptcy because they have been financially irresponsible. However, many people are in debt because of medical bills. Others are in debt because they have gone through an expensive divorce. If you have a lot of unsecured debt, then it may be time to file for bankruptcy.
You Are Facing Foreclosure
You need the help of a local bankruptcy attorney if you are about to lose your home. Bankruptcy can stop you from losing your home. The proceedings must be stopped after you file for bankruptcy.
If you are in need of an attorney, then you can contact The Grande Law Firm at www.thegrandelawfirm.com.