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Should I File for Bankruptcy?

Most people know that filing for bankruptcy is an available resource for people with unmanageable debt. However, it can be difficult for people to know how and when they should consider this option. There can be a lot of questions and confusion regarding the topic of bankruptcy. Additionally, there are a lot of myths about bankruptcy that may affect people’s judgment when deciding on the best course of action. The best thing to do if you think bankruptcy may be a good financial option for you is to speak with an experienced bankruptcy lawyer who can effectively assess your situation.

Questions to ask when thinking about Bankruptcy

If you are wondering whether bankruptcy is right for you, there are a few questions to ask yourself in preparation of speaking with a lawyer. The following are a few basic questions that could help you discern whether or not bankruptcy is right for you:

  • Do I have delinquent taxes that I will not be able to pay off soon?
  • Is my home in jeopardy of being foreclosed?
  • Are my wages being garnished?
  • Do I have pending lawsuits for delinquent bills?
  • Am I currently out of work?
  • Do I have income or savings?
  • Am I making minimal payments on outstanding bills?
  • Am I unsure of how much I owe to lenders?

If your bills are mounting and you answered yes to more than one of these questions, speaking to a legal professional may give you the guidance that you need to start the bankruptcy process.

Consult with Cincinnati Bankruptcy Lawyers

Filing for bankruptcy can offer those who are eligible with a fresh financial start. Knowing when to file for bankruptcy can be difficult, but consulting with a bankruptcy lawyer can help you understand your options and legal rights. Call Ryan J. Ruehle Attorney at Law, LLC, today at (513) 621-0999 to take the first steps towards financial freedom.

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