Bankruptcy Attorney Glendale AZ
A Glendale AZ bankruptcy attorney knows that filing for bankruptcy can be an intimidating concept, especially if you aren’t sure if you need to. If you have been facing severe financial hardship and don’t see a change in your earnings in the near future, then it’s a wise choice to think about bankruptcy. After all, it is there for a reason to be used as a resource for those in true need of a financial restart. But what if you don’t know if it’s the right time yet to file? Here are some common signs that your current predicament could benefit from bankruptcy. And don’t hesitate to reach out to our team at Wright Law Offices for further assistance.
Spending More Than Earnings
One of the main reasons people consider bankruptcy is when they consistently spend more than they earn. Life events may happen which force people to file for bankruptcy, such as due to their underinsured or uninsured medical emergency, job loss, or divorce. But others may have trouble with spending habits due to lack of financial education and tools. There is no judgment regardless. The way society was built means that we have to make money and are not necessarily taught how to manage it in a way that is lasting. If you are spending more than what you earn, let us take a look at your situation and let you know if bankruptcy is right for you.
Credit Cards Maxed
Credit cards are useful, however, they tend to have high-interest rates and those who max out on them may find they are unable to fulfill payments in the long term. Interest rates may not seem like a big deal at the beginning, but some debtors find that their monthly payments are not much more than the interest accumulated. Meaning, a debtor is basically only paying interest and has no reasonable way to actually pay off the amount. If you are in this state of stagnancy and are unable to get your credit card amounts down, we suggest speaking with a Glendale bankruptcy attorney for help as soon as you can.
Essential Care Delayed
At Wright Law Offices, we know that some debtors may have to delay essential care because they are stuck in too much debt. They may have to go without buying new eyeglasses, getting dental work done, fixing a plumbing leak, or performing vehicle maintenance. By putting off tasks like these, you are actually at risk of more harm and accumulating more debts. If you don’t attend to your car, it could lead to a malfunction or accident. If you don’t get your teeth cleaned and examined, it could cause worse problems later on. Ultimately, it’s important to financially afford the essentials, so that your wellbeing and environment stay healthy and reliable. If you are ready for a Glendale bankruptcy attorney to assess your situation and advise whether bankruptcy is right for you, call or email us at your next convenience.