More and more people are finding themselves wondering whether they should be filing for bankruptcy or not. If you are one of them, you will want to ask yourself the following questions to have a better idea if you should go ahead and get in touch with a bankruptcy lawyer like Todaro David M Co LPA.
Are You Hiding From Telephone Calls?
Avoiding telephone calls because you are having a bad day or because you are busy and in the middle of something is one thing. Avoiding calls from numbers you do not recognize because you are afraid it is a creditor and you do not know what to say to them is something entirely different. You do not want to receive phone calls all day that you end up ignoring. Before you know it, they will perform skip tracing tactics and begin to call your friends and family in order to leave messages for you. This could be rather embarrassing for you.
Could You Afford The Monthly Minimums If You Were Caught Up?
If you were to make arrangements with every creditor for the bare minimum monthly amount and you were no longer worried about past due debt, would you be able to afford it? Write down the total amount of income your family brings in every month after taxes and compare that to the minimum monthly amount you have to pay out each month. Do not forget to add in things such as groceries, household essentials, and gasoline for work. If you find that the amount that you would be spending is much more than you are bringing in every month, it is indeed time to consider filing for bankruptcy. Your lawyer can help by examining your financial situation to determine which chapter of bankruptcy would be best for you to file.
If after trying to resolve your financial concerns every way you know how you are still faced with a lot of uncertainty, you will want to go ahead and schedule a consultation with a skilled bankruptcy lawyer in your area. The sooner you do this, the sooner you will have your bankruptcy case number and the collection calls from creditors will stop. If you still receive a few collection calls after receiving your case number, kindly give the representative the case number or the contact information for your lawyer, and that should be the last time they call.