“The man who views the world at 50 the same as he did at 20 has wasted 30 years of his life.”―Muhammad Ali.
Financial trouble is overwhelming. It is important to know all of your options. You owe it to yourself to learn about bankruptcy.
When learning about bankruptcy, here are some things to avoid:
• Don’t listen to “street lawyers” who think they know how the system works.
• Don’t limit yourself to speaking to friends that filed bankruptcy, as every case is different.
• Reading online is fine but don’t think a Google search makes you an expert.
• Don’t stress over the cost before you talk to an attorney about prices.
• Don’t decide on using a “debt consolidation company” until you compare it with what a bankruptcy can do for you. In my experience, most debt consolidation agencies are scams and are also more expensive than hiring a bankruptcy attorney!
• Avoid offices where you only get to meet with a paralegal or where you do all the work by filling out questionnaires by yourself.
Speak face to face with a qualified local bankruptcy attorney about your issues. Find an attorney who is willing to take the time to listen and who will also take the time to explain the pros and cons of Chapter 7 and Chapter 13. The initial consultation with your bankruptcy attorney is an opportunity to educate yourself on how you can save money, reduce stress, and get back on your feet—so keep an open mind.
-fueled by Organic Rainforest Blend coffee. When fully caffeinated, Charles Farrell Jr. can be reached at 229-474-6742 or at [email protected]