When making the decision whether or not to file for bankruptcy, the choice is never an easy one, nor is it one that should be made without careful consideration. Many people avoid the idea of bankruptcy at all costs, fearing that somehow it is equivalent to admitting failure, or that they will be judged for poor financial decision making. Others have a misconception that once a person has filed bankruptcy, that choice will make it impossible to receive a credit card, a loan, or even rent an apartment. If your financial situation is keeping you up at night and you’re wondering whether or not bankruptcy should be a legitimate option for you, it’s time to speak with reputable Bankruptcy Attorneys in Harrisonburg VA.
Bankruptcy is not a one-size-fits-all solution, nor is it right for every person struggling with the burdens presented by unmanageable debt. Most importantly, it isn’t a decision that should be made on the spur of the moment. If you do decide to pursue bankruptcy as an option, the process can be up to a three-year commitment on your part. Once the bankruptcy has been completed, it takes seven years before it is removed from your credit record, possibly presenting issues when it comes to business endeavors and financial dealings in the future. However, for many individuals, the damage done by late fees, high interest rates, delinquencies, charge-offs, and even litigation is far greater. Bankruptcy is a viable alternative when it comes to putting an end to creditor harassment, collection calls, and surprised knocks at the door to serve you with papers.
Before you make any sort of decision, it’s essential to speak with someone who has knowledge and experience in the field. Specifically, Bankruptcy Attorneys in Harrisonburg VA are able to help guide you in the right direction, as long as you’re willing to begin the process with an open mind and from a position of complete honesty. Beginning the process by putting all your cards out on the table is often one of the most difficult choices, because it requires you to face the extent of your financial troubles head-on. However, in the end, taking decisive action is almost always worth the discomfort.