Though many people could strengthen their financial portfolio by filing for bankruptcy, they keep making excuses to avoid the bankruptcy process. Whether it’s unfounded myths or concern over social stigma, many Americans are hesitant when it comes to filing for bankruptcy. However, by working with a Wichita Falls bankruptcy attorney to settle your debts, you’ll be surprised at the increased freedom that you and your family can experience. Are you avoiding filing for bankruptcy with one these excuses?
Are You Afraid of Filing for Bankruptcy in Michigan?
For most people, the process of filing for bankruptcy with or without a bankruptcy attorney can be a difficult decision. The negative stigma that society has placed on filing for bankruptcy betrays the benefits it offers. For most people who work with the help of a bankruptcy attorney, they find that their credit improves and that their financial lives are suddenly much easier. If you’re on the verge of contacting a bankruptcy attorney to begin the process of filing for bankruptcy, chances are you’re making one of these excuses:
1. I’m afraid of what people will think of me. Many people are afraid that family and friends will judge them if they’re caught filing for bankruptcy. But the truth is that it’s an extremely private process, especially if you work with a bankruptcy attorney. In fact, it’s unlikely that even your employer will find out, which is another common excuse or concern. Filing for bankruptcy shouldn’t be viewed as a moral dilemma, but as a tool to help you achieve financial well-being.
2. It’s too expensive. Some people make the excuse that they don’t want to go through the legal hassle and spend the fees to hire a bankruptcy attorney. However, hiring a bankruptcy attorney not only saves you time, but can help you discharge or reorganize mountains of debt that would otherwise smother you.
3. I’ll lose my property. Though your assets are potentially at risk when you file for bankruptcy, a bankruptcy attorney can help you protect all the property and assets you desire. You get the benefits of bankruptcy without worrying about your personal belongings!