Filing for bankruptcy makes it possible for you to tackle your debt problems head on. There are many people who wonder whether filing for bankruptcy is the right choice for them or why they may wish to consider filing. The reality is that the bankruptcy laws exist to protect you from being trapped in a cycle of debt you cannot escape from. 
If you owe too much money and the payments are eating up your income, it may be time to file for bankruptcy. If your business is struggling and cannot be profitable because of bad debts and unfavorable contracts, bankruptcy may be the answer.
Every situation is different and you need to carefully evaluate your financial circumstances to decide if filing for bankruptcy is right for you. Ronald D. Weiss, PC can help you to determine if bankruptcy is a good option and can assist you throughout the process of filing for bankruptcy protection.

Why Filing for Bankruptcy Makes Sense

Filing for bankruptcy may be a smart choice if:

• You are experiencing ongoing calls from debt collectors and this is causing you stress or putting a strain on your relationships.
• You are in danger of having your wages garnished, your home foreclosed or your vehicle repossessed.
• A creditor has obtained a judgment against you or is pursuing legal action to obtain a judgment.
• Your credit report is being hit month after month as you struggle to make payments and are late or miss paying altogether.
• You are making payments but the bulk of the money you send to creditors is going towards interest and penalties and your debts are not getting smaller.
• You owe close to your annual salary in debts (or more).
• Your business is struggling to become profitable because of debts incurred in the past.
• Your business is trapped in unfavorable contracts that is making it impossible for you to grow or succeed.

To learn more, download our free Why File for Bankruptcy report.
These are just a few of many different situations where filing for bankruptcy makes sense.  You can have your debts discharged with a Chapter 7 bankruptcy filing or you can enter into a repayment plan with a Chapter 13 filing. Both bankruptcy filings will immediately force creditors to stop trying to collect from you and will give you the breathing room you need to achieve some level of financial stability.
A bankruptcy filing can also help on the path towards rebuilding your credit because you can stop the repeated negative information that is posted each month when you cannot pay your bills as promised.
Do not remain trapped in a debt prison with bills you cannot get rid of. Take advantage of the legal protections available to you by filing for bankruptcy. Ronald D. Weiss, PC will assist you throughout the process so you can deal with your debts proactively and move on with your life. Call today to speak with a bankruptcy lawyer to take the first step towards fixing your finances.