As a Salt Lake City Bankruptcy attorney handling Chapter 7 bankruptcy and Chapter 13 bankruptcy, I see a lot of the same problems and concerns from all of my clients. Among the ones that top the list are judgments, garnishments, medical bills, and pay day loans. However, there is one problem that is more common than any; unlike the other common problems this one is often irreversible. That problem is that my clients have simply waited too long before seeking help from a bankruptcy attorney. I understand that people don’t want to file bankruptcy. A lot of times they believe things will get better for them, and they want to avoid any stigma attached to filing for bankruptcy in Utah. But sometimes when you’re struggling and trying to make payments to creditors, and getting farther and farther behind, you are inadvertently making things worse for yourself.
What I am suggesting is that if you feel that you are getting too far behind with your finances, and are considering filing bankruptcy, you need to talk to a bankruptcy attorney in Salt Lake City now. Don’t wait until things are much worse before you finally “give up”. Talk to a bankruptcy lawyer now, so that you can weigh your options and choose the best one. Every lawyer in the Salt Lake valley offers a “FREE INITIAL CONSULTATION!!!” – including myself. There’s no reason that you shouldn’t go talk to someone about your situation. You aren’t obligated to do anything, but your salt lake city bankruptcy attorney can tell you what your options are so that you can take control of your life and make an informed decision, rather than getting pushed farther and farther in the wrong direction until you are “forced” into filing for bankruptcy.
Now I realize that a bankruptcy lawyer telling you that you need to consider bankruptcy ASAP may not be the most persuasive thing you could be told. So I’m coming armed with a specific example of what can happen when you keep trying to fix things yourself:
I just filed a petition for a new client. Like many of my clients, this woman had gone through a tough divorce, and lives with her teenage daughter. Like many of my clients, she began having financial trouble when she had some medical problems that cost her a lot of money in medical bills and lost work time. Like many of my clients, once she fell behind she began to take out pay day loans. (getting a pay day loan is probably the second most common mistake my clients make, right behind waiting too long to come see me). Long story short, she struggled for more than six months trying to keep up with all of her bills, plus three pay day loans. In the last few months before coming to see me she had paid over two thousand dollars towards these pay day loans.
Now that she has come to see me, we are working on taking care of her situation and getting her back on her feet. But she will never get that money back, and if she had only come to see me before she could have saved all the stress she’s been dealing with from her creditors — not to mention, the two thousand dollars she gave them!
Bankruptcy is not a disease, it is not a final surrender and admission of failure. Bankruptcy is a right you have, and a tool that you can use to fix your mistakes and misfortunes and give yourself a fresh start. Many wealthy and savvy businesses and titans of industry have used it over and over (e.g. Donald Trump, Blockbuster Video). Why shouldn’t you? Don’t hesitate to take this tool out of your bag and use it as soon as you need to. If you don’t, it’s just like you’re trying to hammer a nail into a wall with a screwdriver.