How to Know When to File for Bankruptcy

Before you start searching for a local bankruptcy attorney and getting your paperwork in order, do you know that this is really the good move? Filing for bankruptcy has a way of following you for years to come, and this isn’t as easy as Michael Scott thinks it is.

If you’re facing a situation where you’re losing your home, your car, or you’re at the point of liquidating retirement assets in order to get debt collectors off your back, looking into your options with a bankruptcy attorney is a smart move. But know that it is a big decision, and it isn’t a magical fix – there are a lot of factors to consider, which you’ll be able to discuss with an expert.