Should I file Bankruptcy?

Should I file Bankruptcy?

Bankruptcy is a very serious matter and should be given a lot of consideration. The problem is that if you go to a bankruptcy attorney they may talk you into one when you do not need it.

If there is any possible way for you to change your financial situation without going into bankruptcy you may want to try something else first. There may be a way for you to negotiate with your credit card companies and or your mortgage company. Bankruptcy is a black mark on your credit that will be on their for 10 years.

I suggest that you visit first a financial planner that specializes in financial difficulties and then meet with a bankruptcy attorney to review your personal situation. I do not suggest that you go to a credit repair or reduction company, that mark on your credit is just as serious or worse than a bankruptcy so do not do it. The companies that you see advertising on television to help reduce your credit card debt are paid by the U.S. government to help you manage your credit, but you do not want to use them because I like said it puts a devastating mark on your credit.
Once again the U.S. government trying to help us with a program that actually hurts us.

Meet with a financial planner and then a bankruptcy attorney. Once you have all of the facts you will be able to make an informed decision as to whether you should file bankruptcy.