Signs Bankruptcy Might be Right for You

While most people have some amount of debt, whether from school, a house purchase, vehicle purchase, or credit cards, some people have larger amounts of debt that quickly become difficult to manage. In this situation, a debtor may be uncertain what they can do to address the debt or what options are right for them. Fortunately, there are certain signs that a debtor can use to determine whether bankruptcy is the right choice for him or her.

Follow the Signs

Depending on the situation, bankruptcy may be the right option for a person with debt; however, there are instances in which it is not the most financially responsible choice. The following signs can be an indication though that bankruptcy is the best financial option:

  • You cannot make minimum payments on bills
  • You regularly spend more money than you take in
  • You find yourself harassed by creditors
  • You are emotionally stressed out by debts
  • You see no way to pay debts back

These circumstances may make bankruptcy a good option for your situation. However, it is best to speak with a qualified legal professional before going ahead with any action.

Contact a Bankruptcy Attorney in Raleigh

If you have found yourself in a situation where you feel financially and emotionally stressed and you don’t know how to get out of debt, the attorneys at the Bradford Law Offices, PLLC, can help guide you. Contact our Raleigh offices today at 919-758-8879 to talk about your financial circumstances and discuss your options for settling debt through bankruptcy.