Many things come into the picture when a person files for bankruptcy. Oftentimes, there isn't just one factor that results in them needing this action. It is usually a long-term financial situation that goes awry. Whether it is job loss, a reduction in income or medical bills that lead to money problems, bankruptcy can often give people the fresh financial start that helps them get back on their feet.
If you are considering filing for bankruptcy, remember that this is a tool that should be used responsibly. You need to be willing to put forth the effort to get back on track with your finances and stay there. This can be a challenge as you learn to live on only your income instead of relying on credit. You will have to create a budget and stick to it. Since you are doing this during your bankruptcy, you can build that habit so it is easier to continue after the case is discharged.
We understand that this is a difficult time in your life. By relieving some of the financial stress, there is a good chance that you will be able to find solutions to other things that you have going on. This can set you up for a good foundation as you work through the bankruptcy process and beyond.
There are some aspects of bankruptcy that might be hard to understand. When we are working with you on your case, we will help you find the options that you have and determine what is best for your needs. You won't have to walk this journey without guidance.