Too many people start to wonder if they should speak with a bankruptcy lawyer but then decide to forget about it because they are not sure whether they would qualify for assistance through the bankruptcy courts. If that has been your dilemma for a while, you will want to consider the following information that you are about to review. If you find that some or all of these points apply to you, then you will want to go ahead and schedule an appointment with a bankruptcy lawyer.
You Cannot Catch Up Your Late Payments
If you have a pile of late bills that seems just to keep getting bigger and bigger every month, with no end in sight, then it might be time to set up a consultation with a bankruptcy lawyer. You could try to work out some repayment plans with your creditors, but if they are not willing to work with you, if they are insistent on you paying more than you can afford, or there are simply too many past due bills to be able to work on getting all of them caught up, it is time to consider the alternative of bankruptcy.
You Are No Longer Making As Much Money
If you have lost a job and despite your best efforts you are not able to get another job that will pay as well as the last one, you might find that even if you are caught up on your bills that they will not remain that way for long. If you are simply no longer able to make all of the minimum payments on your debts, then you will want to talk with a bankruptcy lawyer to see if you qualify for any protection from the bankruptcy courts in your county.
The sooner you get started with the bankruptcy process, the sooner you will be done with the process and will be able to move on. You will no longer find yourself as stressed out about your finances and you might find that daily life can be a lot more enjoyable since you no longer have to dodge collection calls all of the time or worry about making payment arrangements you are not sure you are going to be able to keep. Also, you will finally be at the point where you can really focus on improving your credit since you will be essentially starting from scratch.
For more information, contact a company like Martinez Law Firm.