Should I File Bankruptcy?

Sound Advice About Bankruptcy Filing Decisions

While bankruptcy can be a powerful tool for getting out from under the burden of debt and making a fresh financial start, it's not always the best solution. Even for people who stand to benefit from Chapter 7 or Chapter 13, right now might not be the best time for filing.

For straight answers and sound guidance about the decision to file for bankruptcy relief, contact Wantland Law in Shepherdsville. With more than 30 years of service to residents of Bullitt County, Jefferson County and the Louisville area, our lawyers know the financial pressures that our friends and neighbors face, and we know the best ways to approach them.

Call 877-690-4814 for a Free Consultation in Shepherdsville

Because you only can get one Chapter 7 discharge every eight years, you need to think carefully about filing for bankruptcy. Our attorneys can review your bills and sources of greatest financial pressure, and consider your options with you. These might include:

• Credit counseling, especially if your debt pressures aren't expected to continue for a long time
• Debt consolidation, which is seldom a good idea for anyone
• Negotiated settlement with creditors
• Short sale or mortgage modification if you're threatened with foreclosure
• Reverse mortgage for older people who still have equity in their homes
• Troubled loan workouts for business debts or guaranties
• Chapter 7 or Chapter 13 bankruptcy

Another alternative to consider is a reverse contingency debt negotiation. We can work with each of your major creditors to see if we can't work out lower payments on reduced principal. Instead of paying us a flat fee or by the hour, we charge a percentage of the amount you save by compromising your debts.

If job loss, garnishment, asset seizures, tax collections, mortgage foreclosure or lawsuits represent a serious threat to your ability to maintain your household, bankruptcy might be your best option.

Filing for bankruptcy puts an immediate stop to most debt collection and gives you a chance to walk away from substantial indebtedness. To learn whether bankruptcy might be the right move for you right now, contact Wantland Law in Shepherdsville for a free consultation.

We are a debt relief agency. We help people file for relief under the U.S. Bankruptcy Code.