Having done thousands of financial consultations with consumers over the years, I can tell you without a doubt that most consumers want to talk to a bankruptcy attorney just about as much as they want to go to the dentist. When a consumer calls me for Debt Advice and tells me right off the bat that they do not even want to consider bankruptcy I have a standard follow up question. Why? Usually the answer is, well, I am not sure, but I just don't.
It certainly never (usually never, there are always exceptions) hurts to speak to a bankruptcy attorney about your situation. Typically they always offer a free consultation and the purpose of the initial consultation is simply to find out whether or not you should declare bankruptcy or if there is a better solution available. Scheduling an appointment to speak with a bankruptcy attorney does not mean that you are committing to a bankruptcy filing. It is simply a prudent thing to do in order to insure that you are making the best decision with all of the facts available.
It certainly never (usually never, there are always exceptions) hurts to speak to a bankruptcy attorney about your situation. Typically they always offer a free consultation and the purpose of the initial consultation is simply to find out whether or not you should declare bankruptcy or if there is a better solution available. Scheduling an appointment to speak with a bankruptcy attorney does not mean that you are committing to a bankruptcy filing. It is simply a prudent thing to do in order to insure that you are making the best decision with all of the facts available.
So just How Does Bankruptcy Work? The truth is that most consumers really have no idea how it works or how it might be very beneficial to helping them out of a tight financial jam. Yet even though they don't really know much about it, they seem to want to avoid filing bankruptcy at all costs. Why is that?
There are many reasons for it, but I think a large one is that there is so much misinformation on the internet about bankruptcy. There are a lot of sales people that can sell more "alternative" debt relief solutions if the potential client is misinformed about bankruptcy.
There are many reasons for it, but I think a large one is that there is so much misinformation on the internet about bankruptcy. There are a lot of sales people that can sell more "alternative" debt relief solutions if the potential client is misinformed about bankruptcy.
I am not arguing for or against bankruptcy. Every situation is different. I am simply making the argument that if you are struggling with debt and have come to the conclusion that bankruptcy is not a good option for you before you have even discussed it with a licensed bankruptcy attorney, you could be making a very large and expensive mistake.
Speaking to a licensed bankruptcy attorney is simply part of the process of determining your best debt relief option.
Speaking to a licensed bankruptcy attorney is simply part of the process of determining your best debt relief option.