How to Tell When Bankruptcy is Your Best Choice

How to Tell When Bankruptcy is Your Best Choice

bankruptcy in texas

It’s only natural to experience financial challenges of varying degrees at some point in your life. However, some circumstances may lead to you having to look at other options if you can’t seem to get out from under your debt. No one wants to file for bankruptcy in Texas, but sometimes an unexpected medical emergency or other major events can cause serious financial complications. While bankruptcy shouldn’t necessarily be your first choice, it can often be your best choice. Here are some ways to tell when filing for bankruptcy in Texas may be your best option.

Using Credit Cards For Necessities

People use credit cards for many reasons, including to take advantage of rewards programs. However, when you have to use those credit cards to pay for basic necessities because you don’t have enough money in the bank, it could be a sign that filing for bankruptcy is becoming a reality. Continuing to use credit cards to pile up debt will only make your financial situation worse, as the amount of interest will increase and the penalties for late payments will continue. It may be time to reach out to bankruptcy lawyers in Fort Worth if you’ve reached the point of relying on credit cards.

Debt Collectors Constantly Call

When you have to constantly deal with debt collectors, calling a bankruptcy lawyer in Houston may be the next step to take. These calls aren’t going to stop until you pay off the debt, and if you simply do not have the funds available, no matter how many jobs you have, then filing for bankruptcy could be in your future. Hiring a bankruptcy lawyer early in the process may prevent a costly lawsuit from beginning.

You Can’t Pay Any Bills

Paying bills each month should be routine. However, if you are unable to make certain payments and see no signs of your situation changing, then filing for bankruptcy in Texas could become a real possibility. Working with bankruptcy lawyers in Fort Worth can help you get out of a sticky situation and provide you with some financial relief.

The Stress Has Become Too Much to Handle

Only you know how much stress you can handle. But if you live in fear of the constant calls from debt collectors, or worrying about how you’re going to pay your next bill, it’s time to call a bankruptcy attorney. This is the best way to know whether bankruptcy is the option that makes most sense for your financial situation, and to potentially give you a fresh start.

Bryeans & Garcia, PLLC never wants to see anyone have to deal with the stresses of financial difficulties. While we always try to find ways to help clients other than filing for bankruptcy, we also know when bankruptcy is the best option. To schedule a free evaluation of your financial situation in our Houston or Ft. Worth offices, don’t hesitate to contact us today.