Filing For Bankruptcy: Are You Putting It Off?

There is no doubt about it; the thought of filing for bankruptcy can be scary. So much so, that many folks put it off far longer than they should. One reason this happens is because the media has put so much emphasis on the horrors of having bad credit. The fear of being turned down for any loan if your credit report shows a bankruptcy is a common belief.

Basically, large financial institutions don’t want people to know how easy it is to file bankruptcy and how credit is still available afterwards. This is why they create fear about bankruptcy and push a lot of misinformation.

Another reason folks put off filing is because of feelings of shame or being frightened of the court system. But most folks who have filed bankruptcy, and who have been through the process, have all wished they would have filed sooner. The simple fact is most people who find themselves in financial trouble shouldn’t be ashamed at all. Through no fault of their own, be it from temporary unemployment, medical bills or marital problems they find themselves overextended financially.

The biggest culprit happens to be the liberal issuance of credit cards. Indeed, many hard-working folks suddenly find themselves in a financial crisis where just months previously they were able to keep up with all the payments.

And when it comes to bankruptcy courts, you have nothing to fear. Of course, if you try to hide assets and cheat the system you’ll run into trouble. Otherwise, it is a fairly simple process and a good bankruptcy attorney can guide you through the process without a problem.

The other reason you should file sooner rather than later is simply because you can get your life back to normal sooner. You’ll end the stress and worries and stop creditor harassment almost immediately. Remember also, the sooner you file the sooner you can get your financial life back on track. All the payments you are making for medical bills or credit cards can be saved instead of spent helping you recover much faster financially.

A good bankruptcy attorney will explain the process and ease your concerns. You will learn what assets you can keep, when to file to your advantage, and much more. They will handle all the paperwork and represent you for your appearance in bankruptcy court. A good attorney will have all your papers in order so this appearance is very quick and easy.

Garden City KS Bankruptcy Attorney Dean Ryan has helped folks get a new start and put debt problems behind them. Call (620) 275-9614 for a friendly, free bankruptcy consultation today.