We all know how stressful the holidays can be on our wallet and bank account. Sometimes it can be hard to come to terms with the fact that you need to reach out to external sources for help. One of the most important things to understand is that open communication is key to successfully getting out of debt. Whether your spouse, bankruptcy attorney, or other source, open communication and willingness to cooperate will help make the process smoother and much less difficult. Here are a few ways to know if it may be time to file for a bankruptcy.
Credit Card Payments
If you’re consistently making the minimum payments on your credit card, it can mean one of two things. You may be making purchases you shouldn’t be which is more linked in irresponsible spending, or you may need help getting your credit situation figured out. If the latter is the case, contacting an experienced bankruptcy attorney may be a smart idea.
If you’ve been receiving phone calls from debt collectors, you’d be smart to consider contacting a bankruptcy attorney. One of the main reasons working with an attorney is smart is because they have the capability and knowledge to resolve issues like debt collectors.
Unsure About Debt
If you’re not sure how much money you owe, it would be in your best interest to contact a bankruptcy attorney. If you aren’t aware of your financial situation, it’s hard to determine the next steps.
For a free, no-obligation consultation, contact Burr Law Office today. Our expert Milwaukee and Waukesha bankruptcy team will help you find the best debt relief solution for your needs.