File Bankruptcy Now or Later: What is Best for You?
You have taken the first step toward debt relief and decided to file for bankruptcy. However, you may be concerned about the timing. When is the right time to file bankruptcy? Should you wait until you start that new job? Should you file now while paying for costly medical treatment? In these turbulent times, you undoubtedly have many questions.
At the Long Beach, California, law firm of Brand & Spellman, P.C., we are committed to helping individuals and businesses achieve much-needed debt relief through bankruptcy. We will thoroughly explain all of the benefits and consequences of filing for bankruptcy, providing clients with the information needed to make prudent decisions. Whether you file now or later, we will be there to guide you through every step of the bankruptcy process.
When Is the Right Time to File Bankruptcy? We Can Help You Decide. Call Brand & Spellman, P.C. at 562-375-0317 or 866-345-2440 toll-free.
Lawyers have different opinions regarding the best time to file for bankruptcy. At Brand & Spellman, P.C., there are a few questions we ask to help determine the best option for our clients:
- Are you being harassed or threatened by creditors? Consider contacting us immediately. We may be able to help you file a Fair Debt Collection Practices Act (FDCPA) lawsuit without the need to file for bankruptcy.
- What is your income? If you recently lost your job, it may be best to file now. However, if you have a steady job but expect to lose it in the future, it may be better to wait.
- Are you currently subject to wage garnishment, account levies or a lien on your home? By filing for bankruptcy, an automatic stay will go into effect and temporarily halt these creditor actions.
- Is your home being foreclosed or your car repossessed? You should strongly consider filing immediately in order to stop foreclosure or repossession.
- Have creditors filed a lawsuit against you? Filing for bankruptcy now will place an automatic stay on many creditor actions.
A broad range of individuals and businesses consider filing for Chapter 7 bankruptcy, Chapter 13 bankruptcy or Chapter 11 bankruptcy to achieve debt relief. However, each situation is different, and there is no one solution to resolve all financial issues. It is extremely important to discuss your circumstances with an experienced attorney to determine which option is right for you.
Contact an Experienced Bankruptcy Lawyer
For answers to your questions regarding when to file for bankruptcy, contact the attorneys at Brand & Spellman, P.C. for a free initial consultation. We offer flexible evening and Saturday appointments, and are open until 6 p.m. Monday through Friday. Contact us online, call us at 562-375-0317 or 866-345-2440 toll-free, or visit our office.
We are conveniently located near California State University Long Beach and are easily accessible from the 405, the 22, the 710 and the 91.
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We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
