Bankruptcy

Creed Bratton: Bankruptcy, Michael, is nature’s do-over. It’s a fresh start, it’s a clean slate.
Michael Scott: Like the Witness Protection Program!
Creed Bratton: Exactly!
Bankruptcy, discussed on “The Office”

That’s not exactly the way bankruptcy works, but it’s not too far off. As a society, we’ve sort of decided that people shouldn’t have to live indefinitely with crippling permanent debt. The bankruptcy laws were enacted to give those in that situation another chance. These laws have changed from time to time, and in 2005 the changes included significant reforms. But that’s where the “sort of” comes in. Bankruptcy provides significant financial relief for people in some circumstances, but may not be available to debtors in other circumstances.

Is bankruptcy right for you? Maybe. Maybe not. If you can pay your debts in a reasonable period of time and still live a reasonable lifestyle, you probably don’t need to consider bankruptcy. But if the collection agency phone calls are getting to be too much, and you don’t know how you’ll ever pay that stack of bills that just came in, it may be time to talk to a bankruptcy attorney. Give us a call. We offer free bankruptcy consultations where we’ll review your specific situation and discuss your options with you. Don’t just ignore your financial problem. Do something about it!