Should I consider filing for bankruptcy?
When faced with unmanageable debts, many people consider their options and the benefits they may bring. When people consider their options, bankruptcy is usually the first thing that comes to mind.
As a part of the evaluation process, you may weigh the benefits of filing bankruptcy against the alternative of dealing directly with creditors outside of the bankruptcy context. In light of these differences, you should remember that bankruptcy is a tool to protect you from creditors. This could be a debt collector or a financial institution. It could even be the IRS. In this way, bankruptcy is a tool that can help you to level the playing fields and negotiate with creditors on terms that work for you.
The traditional collection process has historically favored creditors, allowing them to develop practices which create more debt for those dealing with them instead of helping them resolve their debt on fair and manageable conditions. This collection process can be frustrating. You may be paying a lot of money out of your own pocket, only to have the creditor return again and again each month asking for more. In many ways, the creditor has a stacked hand in a game which is not designed to be won. This is where bankruptcy comes in. When you declare bankruptcy, creditors can no longer dictate the terms of your relationship. Your attorney will work with your to ensure that you are protected against the collection process and that creditors are dealt with in an appropriate manner that takes into account your specific financial circumstances. There are many different paths to bankruptcy, but they all aim to help you overcome your financial obstacles in a way that is right for you. Our firm has been helping clients file bankruptcy for over 50 years. We know what the process involves and how it can be used to help you with your specific circumstances. Our highly-experienced staff will be with you every step of the way. We know how important it can be to have a zealous attorney at your side to help guide you through the bankruptcy procedure. Call Now for a Free Strategy Session with A MN Bankruptcy Attorney
If bankruptcy is something you are considering, or you have unmanageable debt, and you want to explore options to help you manage it, don’t hesitate. We are always here to help and to be a source of information. When the time is right, or when you are ready, please don’t hesitate to contact Minnesota’s most kind and helpful bankruptcy law firm by going now to
www.lifebacklaw.com
.
