Donald Appignani

Attorney At Law

A Common Question: "Should I File For Bankruptcy?"

Whether to file for bankruptcy is a very personal decision. Some people do not have any assets over and above what the law allows them to keep, even if they do not pay their creditors. If this is true of you, then you may not need a bankruptcy in order to protect your assets.

Some people find it helpful to file a bankruptcy case anyway because their financial situation is causing them emotional distress or depression, or because they would like to free themselves of debt now, if legally allowed, and have their income and assets to themselves in the future. Also, some people may find that a bankruptcy is worth filing even if they do lose some of their assets.

If several of the following apply in your situation, you might want to consider bankruptcy:

  • Your wages have been garnished or your bank account has been attached.
  • Most of your debts are unsecured debts like credit card bills, hospital or doctor's bills.
  • Your total debt, not including your car or house loan, is more than you could pay, even over five or more years.
  • Collection agencies are calling you at home and/or at work.
  • Your payments are more than 30 days behind on more than one bill.
  • There are lawsuits pending against you.
  • You have high medical bills not covered by insurance.
  • You have few assets.
  • You have little or no savings.
  • You have had property repossessed (such as a vehicle).

Filing for bankruptcy may be able to help you with some or all of situations above. You should seek the advice of a competent bankruptcy attorney before deciding whether to file for bankruptcy. Call our office to schedule a free consultation with me so I can explain the process in further detail to see if bankrupty is right the thing for you.

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

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Please contact us for a free confidential consultation: (386) 206-9170