If you are swimming in debt, you may be searching for a way out. One option is to file bankruptcy. If this is the option you choose, then it is best to hire a Chapter 7 lawyer in Philadelphia for help. However, if you are still unsure whether or not filing bankruptcy is right for you, read about some of the signs it is time for this here.
You Can’t Pay Your Bills
If you are receiving the same amount of pay you always have, but can no longer cover all your bills each month, then it may be time to consider filing bankruptcy. For those who can’t even make minimum payments, or pay the essential bills, then this is a step that should be taken sooner, rather than later.
You are Getting Behind on Your Mortgage
Another sign it may be time to speak with a Chapter 7 lawyer in Philadelphia is if you are falling behind on your mortgage payments, or if you are unable to afford essentials. Essentials include items such as nutritious food and prescriptions, just so you can cover your minimum credit card payments.
You’ve Tried to Negotiate with Your Creditors
Have you tried to speak with your creditors? Have you been unable to get anywhere? If so, then this is another sign it may be time to consider filing for bankruptcy.
If you decide that this is the best option for your financial situation, you should speak with a Chapter 7 lawyer in Philadelphia. They can review your information and help you determine if this option is best.
Discover if bankruptcy is right for you by visiting The Law Offices of David M. Offen website.
