O'Brien Law Firm, LLC - Bankruptcy

Don’t risk your future. We provide knowledgeable, versatile legal services to the Greater Memphis Area.

Will bankruptcy be beneficial to you?

Too many people consider bankruptcy a painful last resort. They explore unsavory alternatives such as risky loans, borrowing money from friends or family members, and other options to avoid complete financial ruin. The truth is, the Bankruptcy Code was developed to give people a chance to eliminate debt and get a fresh start.

The reality is that if you are seriously considering bankruptcy as an option, you probably should have already filed. Here are some questions, though, that might make it easier for you to recognize you’re ready for the benefits a bankruptcy can provide.

  • Are you facing home foreclosure or vehicle repossession?
  • Are your wages being garnished?
  • Are you facing a levy against your bank account?
  • Are you paying for everything – including utility bills – on your credit cards?
  • Are you using portions of your retirement funds to pay off debt?
  • Are you regularly sacrificing paying one bill to have enough money to pay a different bill?

While you might think these situations represent the life of a normal, hardworking American, they do not. You should not have to live in fear of phone calls from collection agencies. There is no shame in seeking debt relief from either Chapter 7 or Chapter 13 bankruptcy. Your financial issues only get worse when you continue to ignore the options provided for you. Financial peril can come as a result of numerous scenarios from medical emergencies to divorce to unexpected home repairs. Any of these situations can lead to disaster.

Every financial situation is unique, and it is wise to discuss your concerns and goals with an experienced bankruptcy attorney. It might be possible to stop your foreclosure, end creditor harassment and eliminate your unsecured debt. Do not hesitate to explore the sound financial options available to you.