Although a consumer bankruptcy does have an impact on your credit, it may be the best solution for people buried under high interest credit cards and loans. If you are struggling to make your minimum monthly payments, or have fallen severely behind on payments, a Roswell bankruptcy might be right for you. Below are some signs that it is time to file for bankruptcy with the help of an experienced bankruptcy attorney from Galler Law.
- You avoid paying certain bills each month: If you do not make enough money to pay all of your bills and expenses, you may skip paying certain bills, in order to have money for basic necessities like rent or food. The problem is, ignoring credit card or loan payments, for even a few months, can result in compounding interest and late fees.
- You spend more than you earn: If your debt, monthly bills like rent and utilities, and food costs more than what you earn in a month, it may be time to consider a Roswell bankruptcy. A bankruptcy might be the only way to create a more reasonable financial situation for you and your family.
- You receive frequent phone calls from collection agencies: When you fail to make minimum payments on your debt, your creditors will call to collect on it or give your information over to a collection agency, in an attempt to collect the debt. Receiving daily phone calls, sometimes multiple times a day, is a good reason to consider filing for bankruptcy.
- The minimum payments on your debt are unmanageable: If the minimum payments for your debt, cannot be met with your current income, it is time to speak with an attorney to determine if bankruptcy is an appropriate option for you.
If you are facing one of these financial crises, it is important to work with a bankruptcy attorney who understands your unique situation. Contact us at Galler Law to schedule a free consultation with a member of our legal team. We will review your case closely and determine if bankruptcy is right for you.