Call for a free bankruptcy consultation

Louisville |

502-485-9200

New Albany |

812-945-9200
Schwartz Bankruptcy Law Center

Things to Think About Before Filing for Bankruptcy

Going bankrupt is not something that you should jump into quickly. You want to give it a great deal of thought and think about what other options may be available to you. At the same time it is a resource that you want to consider if you are in a tight financial situation.

You really need to take a close look at your finances to see if the situation dictates bankruptcy relief. You want to look at the total amount of your debt and see if it's amounting to more than what you are earning any year.

Perhaps you have some savings put aside and you want to consider whether using the savings to pay off your debt would be the right option for you. This is not always the case, and is something that you want to think about seriously as all of your savings could get used and may not the total relief that bankruptcy may be able to do.

You also need to consider your circumstance at the moment financially and whether it seems that there is not going to be any change in the future. For example, you may have lost your job and this has led you to a point where you can't handle your debt at the moment, but maybe something is going to change in the near future.

You also need to know whether you were going to qualify for a Chapter 7 or Chapter 13 bankruptcy and how of these are going to work to help you get back on your financial feet. What you can do to help you with your decision making is have a consultation with a qualified and experienced Louisville bankruptcy lawyer. This professional will be able to tell you the potential benefits that going bankrupt will offer you or may even suggest that bankruptcy is not the best route for you to go.

No Comments

Leave a comment
Comment Information
Make A Payment Email Us For a Response

Need A Solution To Your Debt Problems?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Make A Payment
Schwartz Bankruptcy Law Center

Office Locations:

Louisville Office
3339 Taylorsville Road
Louisville, KY 40205

Phone: 502-485-9200
Fax: 502-485-9220
Louisville Law Office Map

New Albany Office
501 State Street
New Albany, Indiana 47150

Phone: 812-945-9200
Fax: 502-485-9220
Map & Directions

Phone:

LOUISVILLE |

NEW ALBANY |

Fax: