Filing for bankruptcy should not be looked at as a “get out of jail free card,” or even as a go-to first option when dealing with debt. Bankruptcy is a remedy when you’ve tried other ways out of debt that haven’t panned out. For example, have you cut your spending and tried to find extra work to increase income? Have you spoken to creditors about payment plans?
If you have tried to solve your debt issues to no avail, it may be time to speak with a knowledgeable bankruptcy lawyer who can discuss how filing for bankruptcy protection may be what you need get out from under financial water.
When you meet with a lawyer, here are some things you will discuss to determine whether you should be on the path toward bankruptcy:
– Are you using your credit cards to pay for everyday necessities, like food and gas?
– Do bill collectors call you constantly to the point of harassment?
– Are you only making minimum payments on your credit cards?
– Are you confused or overwhelmed when trying to sort out your finances?
If you answered yes to some or all of those questions, it’s time to assess your situation with a professional. An experienced bankruptcy lawyer like Joel R. Spivack, Esq. will help you determine whether Chapter 7 or Chapter 13 bankruptcy protection is more appropriate for your needs.
Joel R. Spivack, Esq. has been fighting for the rights of New Jersey residents in bankruptcy protection filings for more than 20 years. Contact the Law Office of Joel R. Spivack today for a free consultation. Call 856-488-1200.