Have you found yourself bogged down with debt? It might be as a result of the COVID-19 pandemic. Or you could have been in this situation before.

If this is you, you might be considering bankruptcy.

Bankruptcy can give you the chance you deserve at a fresh financial start. And there are a few different options to consider.

To help assess if this is the best option for you, here are four questions to ask yourself:

What are your immediate financial goals?

The biggest bankruptcy factor to consider is the impact it will have on your credit over the next few years. Yes, eliminating debt will help improve your credit over time. But a bankruptcy filing can have an impact on your ability to make large purchases, such as a home or car.bankruptcy-solution-for-debt-wright-law-alliance

Discuss financial goals with a bankruptcy lawyer near you when considering your options.

Are you scared of being sued by creditors?

A major benefit to bankruptcy is the legal protection it provides for people with debt. As a result, judgments, liens and wage garnishments are eliminated. It even stops all collections, including a foreclosure.

Do you have any other reasonable options?

Bankruptcy isn’t the only solution for handling debt. But it might be the best one for you.

Even if you are considering other options, talk to a bankruptcy attorney to understand bankruptcy as an option.  

Which type of bankruptcy would you qualify for?

This is a question we can help you answer. The qualifying factors for Chapter 7, 11 and 13 all look different. And each one is for different situations.

Are You Ready to Start the Process?

We recommend enlisting the help of a bankruptcy attorney in Georgia. By ensuring a smooth filing, you will save money in the long run.

We are here to help coach you through the process and make it as simple as possible.

We have over 23 years of experience as a bankruptcy attorney. You will feel confident that you are in good hands.

Schedule a complimentary 30-minute consultation with us today.