There are many reasons why you should hire a bankruptcy lawyer. But knowing when to reach out to one is the key. Here are some signs that you should watch out for:

  • When you have soul-crushing debt

We understand that sometimes you can get carried away. That sometimes, we end up having debt we can’t handle or pay back. We are not here to judge you. In these circumstances, it is best to call a bankruptcy lawyer.

There are a myriad of other problems caused by debt. The anxiety and stress can wreak havoc on your life and mental well-being. Your physical health can also be affected.

The first thing to understand is that there are solutions to your problems and not get buried under the weight of your issues. Breathe and call a bankruptcy lawyer. You can end this cycle to create a better life.

  • You are about to lose your precious house

If you have missed so many payments and are too late in paying back your bills, your house will be taken by the bank. If this happens to you, do not panic. Instead, call a bankruptcy lawyer to help you navigate the best option for you.

  • Late fees or overdraft

You would think that paying back would reduce your debt. This might be true in some cases. But in the case of late fees or overdraft, you are essentially building up your mountain of debt through fees. You then have to pay more for the next payment.

If you bounce checks, for example, the account now holds a negative balance. This makes it easy for debt to accumulate and harder for you to pay back.

  • You had a stint at the hospital

Medical bills are insanely expensive and even more so when not covered by insurance. Even with the aid of good insurance, your medical bills can be astronomical. Many people find themselves with massive bills that they cannot pay back after recovery.

If you ever do find yourself in such a tough spot, don’t hesitate to call a bankruptcy lawyer to sort things out. A family member getting sick can have the same possible outcome: having more bills than you can pay for or afford.

  • You recently went through a divorce

Divorce can break the pockets of many a rich man, especially if involved in a legal custody battle. The trouble arises if you were a stay-at-home parent but now find yourself having to give back thousands of dollars in child support and other expenses. Hiring a good bankruptcy lawyer helps you show that it is impossible for you to pay those taxes and to help you get back on your feet.

  • You rely on credit cards a lot

Ever find yourself reaching for your credit card once again? If you cannot afford to pay your daily expenses or meet your rent through your debit accounts, this shows you may be falling head-first into bankruptcy. If so, you may need a bankruptcy lawyer. Making choices that you cannot sustain or pay back for is a sure sign that you need to rethink some of those choices.

  • You don’t have aid from debt relief programs

Bankruptcy could happen to anyone. Maybe you happen to fall under the bracket of someone with a high income and cannot qualify for debt relief. If you find yourself in such a situation, make sure to consult a bankruptcy lawyer at the earliest.

Even if you do qualify, make sure the source you are entrusting your problems to is legitimate because sometimes your problems could get worse instead of better in the wrong hands.

  • You skimp on some bills to pay others

If you find yourself cutting back on some bills to pay others, it means that you may be short on money. Consider going through your accounts thoroughly to know whether you need the help of a bankruptcy lawyer.

  • You recently failed in a business venture

Building a new business is a risky job. If you fail in your new business venture by chance, it may be time to look through your accounts again to see if you need the help of a good bankruptcy lawyer. They could help you regain your feet and get your life back on track again.

For further information and to ensure a way to secure your financial future, schedule a complimentary consultation with The Wright Law Alliance. We have over 25 years of experience helping Georgia residents successfully navigate bankruptcy and help individuals and companies get back on their feet. Call us now.