If you are looking for bankruptcy options, you have probably already decided that you need to file bankruptcy. While this may be what you need, I suggest that it is a good idea to discuss your situation with a trained and experienced counselor who is certified in all non-bankruptcy options like debt settlement, debt management programs and credit counseling, and who is also certified as a bankruptcy specialist. If you are looking for bankruptcy options, you could be overlooking non-bankruptcy options that might be able to help you.
In the nearly 30 years that I have been helping people overcome difficult debt problems, I know that many people come to me seemingly resigned to the fact that they have no choice except to file bankruptcy. They did not consider all other options. They determined that the bankruptcy option is the best one for them. Regularly, in about 30% of the cases I assist with, I find that a non-bankruptcy option will work as well or sometimes is better than a bankruptcy auction.
In fact, sometimes a person is qualified for bankruptcy because their income is low and they have more debts than they can afford to pay; but other factors in their circumstances make it very dangerous and damaging to file bankruptcy. Sadly, I see these sorts of things missed by other bankruptcy attorneys who are not as experienced, the so-called dabblers in bankruptcy, who do not understand all of the many traps for the unwary that hide in the very specialized field of bankruptcy.
There really are many options for you in bankruptcy, and many people are surprised to learn that they can lower monthly payments on automobiles and still keep their cars.
In fact, in the majority of cases that I file, the bankruptcy option allows people to keep their cars at the same or lower monthly payments, discharge all or almost all other unsecured medical bills and credit cards and keep your house if they choose to.
And, because I am a certified credit counselor, I also assist you in reestablishing your credit and cleaning up your credit report. If you choose a bankruptcy auction, it is almost a certainty that your credit report will be incorrect because creditors seldom bother to update the information that they place on your credit report before the bankruptcy was filed.
Additionally, bankruptcy could be an option for you if you have to protect yourself from creditors who have sued you, or are garnishing your wages or bank accounts, or if you need protection from the IRS collection.
If you are losing sleep, fighting with your spouse, or suffering from depression, frustration and anxiety because you cannot figure out how to fix your debt problem, you owe it to yourself to consider all options, including the bankruptcy option, to fix your financial problems. When we are sick, we see a doctor. When your finances are sick, you should see a specialist who is trained and board certified to help you.