What Are Some Signs I Might Need to File Bankruptcy?
Like many Americans after COVID-19, you may be facing multiple financial challenges or be unable to meet your financial obligations. If this is the case, bankruptcy may be on the table for you. But knowing when to pull the trigger and file a bankruptcy claim is often hard to know. Below, we list some indicators that it could be time to meet with a veteran bankruptcy lawyer. Here’s what you need to know and who to call for legal help.
Signs You Need to Hire a Bankruptcy Attorney
- You’re putting basic expenses like food, toiletries, utilities, or rent on a credit card.
- You’re using one credit card to pay another credit card bill.
- You’re surviving from paycheck to paycheck, or running out of money in between paychecks.
- You don’t have enough money to have an emergency savings account or you have to continually dip into your savings to make ends meet.
- You are taking out new credit cards to pay bills or cover necessary expenses like food and utilities.
- Creditors are calling you frequently, perhaps even early in the morning, late at night, on weekends, or at your place of employment.
- You have started to pawn or sell your high value personal items to get cash to cover some of your basic living expenses.
- You have had to borrow money from family or friends to pay your bills, especially if you have not been able to pay that money back.
- You are under the threat of having your home foreclosed upon or being evicted from your rental due to non-payment of your mortgage or rent.
- The interest rate is high when you apply for new loans or credit cards.
Contact Sims Bankruptcy Law, PLLC Now
At Sims Bankruptcy Law, PLLC, we have the skills and expertise needed to provide you with comprehensive legal representation during a Chapter 13 or Chapter 7 bankruptcy claim. If you are facing any of the above financial challenges, it’s important that you take action right away to protect your financial future and best interests.
Call us today to learn more or to schedule a consultation to discuss your legal options. Dial 469-751-7467 (DFW) or 254-304-7161 (Central Texas) now or visit our Contact Us page to send a message. Also serving the following metropolitan areas in Northern and Central Texas: Waco, Temple, Killeen, Arlington, Plano, Frisco, Tyler, San Antonio, Houston, Abilene, and Wichita Falls.