6 Signs It Is Time To File For Bankruptcy

Law Blog

Bankruptcy is not an issue that you want to take lightly, and if you find yourself already in dire financial straights, you may find yourself with a lot to worry about. Not sure if you should file for bankruptcy? You have options. This guide will help you make a decision.

1. You Are Facing Legal Trouble

Are you being threatened with lawsuits in regards to your debt? Debt collectors may be influencing your decision to choose bankruptcy, and for good reason. They can be intimidating. Speaking with your bankruptcy lawyer may help you determine if this is a good reason for you to consider a change.

2. Employment Is Not in Reach

If you are unemployed and have a lot of debt behind you, there is good reason to consider bankruptcy. If employment is not in your reach, you might consider this as an alternative.

3. You Have Already Tried to Budget

In most cases, building a budget is the key to resolving financial issues. Unfortunately, it is often not considered to be a first resort. If you have already worked with a budget and still find yourself unable to pay the bills, bankruptcy may be the key to living a more stable life.

4. Your Wages Are Being Garnished

If you are facing garnishment of your wages in order to fulfill debt obligations, you are already in a tricky spot. You may not be able to afford additional debts that creditors that are knocking at your door. A lawyer may be able to help you fight the garnishment or file for bankruptcy.

5. You Are About to Lose Your Home To Foreclosure

Home foreclosure can be a serious concern for anybody with a lot of debt. If you find yourself concerned that you are going to lose your home if you cannot get all these bills out of the way, bankruptcy may seem like a good answer to your problems.

6. Your Taxes Are Delinquent

Not being able to pay your annual taxes is a serious deal, which makes it all the more important that you consider bankruptcy if you are in a situation like this. If Uncle Sam is demanding your taxes but you are stuck paying for other debt, bankruptcy is one viable option.

Ultimately, the best way to pursue financial concerns is to speak with a bankruptcy lawyer who can help you make an educated and informed determination.

For more information, you will want to contact a professional, such as Stuart R Whitehair Attorney.



17 June 2017

How to Gain Guardianship Over a Child

The laws governing child custody and guardianship can be confusing. As a family attorney, I have helped many clients gain legal guardianship over a foster child or a relative's child. Getting legal guardianship of a child you are caring for is important because you need to be able to make decisions about that child's education, health care and other matters. This blog will help you navigate the world of legal guardianship and show you how to take steps to get guardianship over a child whether the child's parents are cooperative or not. Legal guardianship does matter even if a child is not going to be adopted. I hope to help people find the way to get this done.