Often individuals wait before obtaining advice as to whether they should file for bankruptcy. However, experts and credit counselors recommend that individuals seek advice long before bankruptcy is considered. After all, that would make sense. At some point a person or couples considering bankruptcy should see signs that things may become troublesome.
It’s always best to pursue options and resolve problems outside the bankruptcy courts
Keep in mind that bankruptcy sometimes is not the best solution. Especially, if you have time to obtain favorable concessions from creditors. A good place to start, is to first assess your situation with a financial advisor. Before you consider legal help, understand your expenses, income and determine if immediate changes can be made.
Second, would be to obtain a recent credit report. You can get your report free from several services such as freecreditreport.com. This will give you a more accurate picture of your financial debts.
The third step we recommend, is to a get credit counseling certificate sooner rather than later. If you determine that bankruptcy is your only option, this will become a requirement.
Finally, the most important step, is to hire an experienced law firm that specializes in personal bankruptcy in Massachusetts. Personal bankruptcy laws have become more complicated over the years and consumers should avoid filing on their own.
Our law firm based in Massachusetts has several office locations for you to choose including Framingham, Worcester, Watertown, Leominster, and Westborough. Contact us today for your free case evaluation 781-277-0411.