Bankruptcy and Risky Investments
Economists and statisticians often suggest that investments are the way to go when attempting to secure your finances. Unfortunately, however, there are instances in which our investments do not turn out the way that we expect, causing us financial problems instead. In some cases, an investment might cause financial difficulties that make meeting day-to-day financial responsibilities that much harder to manage. At the Bradford Law Offices, PLLC, we know how difficult facing such a situation in Raleigh can be, but want investors who have lost significant amounts of money to know that bankruptcy might be an option for resolving this financial issue.
Common Risky Investments
With any investment comes risk, and when negative results of an investment begin to outweigh the positive, it can be difficult to pay for our other bills and obligations, especially if a person choose to sink more money into the investment. Some common but risky investments that might hinder one’s finances may involve:
- Financing a friend or family’s member’s new business
- Purchasing a piece of property
- Opening a new business
- Investing stocks in the “wrong” company
All of these investment choices could be risky and may cause you financial difficulty over time, leading you to consider bankruptcy.
Discuss Investments and Bankruptcy with an Attorney in Raleigh
After making a risky investment that has caused you financial burdens and debts, consider filing for bankruptcy. This can be a good way to resolve your financial issues. Call the attorneys of the Bradford Law Offices, PLLC, at (919) 758-8879 today to talk about your options.