First, remember, your finances are sick, you are not. You are not your finances. If you can separate this in your mind, filing bankruptcy becomes easier. I remind people often they are not sick, their finances are sick.
Second, if you do not protect your family who will? How often have you ever had a Good Samaritan call you and tell you this month’s mortgage/rent payment is on them? Never right? How often has someone volunteered to pay for all your groceries at the grocery store? Never right? Simply put, if you do not protect your family, who will? No one that is who.
Third, if you do nothing, what will happen? If you do nothing, your credit will be tarnished anyway. Who among us can have their wages garnished or bank accounts levied? Who among us can obtain credit if you are being collected upon? I know this seems ironic, but the best thing you can do for your credit is file bankruptcy. Why? Because you go from debt to less debt or no debt. Future lenders do not give a rip if you pay current creditors. What future lenders want to know is whether will you repay them if they lend you money.
When the time is right, or when you are ready, reach out to Minnesota’s most kind and helpful bankruptcy law firm by going now to www.lifebacklaw.com. You will be so thankful you did.