You may feel like since the word “bankruptcy” is in the title, that a bankruptcy lawyer, like one from the Law Offices of Ronald I. Chorches, will always encourage the filing of bankruptcy. This is simply not true. A bankruptcy lawyer is trained to evaluate everything about your financial situation and figure out how to help you get to a place where you feel comfortable. This may or may not involve filing for bankruptcy. 

Sometimes, You Can Manage to Get Out of Debt

In some cases, people feel like filing for bankruptcy is their only option when they have other better choices. This could involve debt relief, payment plans with debtors, or even taking a deep dive into your budget and revamping it to make payments easier to follow. You may set up a payment plan with someone you are in debt to, or find places that you are spending unnecessarily. Your lawyer may also have tips and tricks to find relief from some of the payments you are dealing with. He or she might even know of government programs that can help you with your financial situation. It will be important to take some time to look at the bigger picture to determine how to best help you with your situation. 

Other Times, You Need Relief from Debt

If budgeting and redoing your debts do not help, you may want to file for Chapter 7 or Chapter 13 bankruptcy to get instant relief. Not only will these eliminate some of the debts that you have, but it will also give you the ability to start new sooner. It will take a few years to recover from filing for bankruptcy, but you will be able to take a breather from worrying about creditors coming after you when you do decide to file. Often, filing for bankruptcy can offer an escape to people who feel like they cannot keep up with all of the payments they have. 

Contact a Lawyer to Help You Decide

Reaching out to a bankruptcy lawyer directly is typically the best option to determine whether filing for bankruptcy is the right move for you. He or she knows the laws of your state and can take a close look at your financial situation to determine how you should proceed. You can ultimately choose to do what you think is best, but it is wise to speak with someone who is very experienced in this realm before making a move. 

About Pacific Legal Group