We’ve helped many hundreds of Dallas-area residents with their bankruptcy cases over the years, and the most common question we hear first is “Should I file bankruptcy?”
When you’re drowning in uncontrollable debt, you’re stressed and scared – and bankruptcy seems like a huge step to take. That’s why we offer free consultations… we want to help explain every step of the process and all possible outcomes, so you’ll be able to make the right decision for your situation.
Let’s look at the advantages and disadvantages of bankruptcy and ways to decide when bankruptcy might be the right decision for you.
What exactly is bankrtupcy?
The federal government established bankruptcy laws to allow individuals and businesses a way to get relief from debts that they’re unable to pay back, in order to get a fresh start. The laws were created so that honest people who had unfortunate circumstances could get a clean slate and start over. (more…)