Posted on 05 15,2013

There are many reasons why an individual may find themselves in need of bankruptcy protection. A divorce, unanticipated medical expenses, the loss of a job or significant source of income, and the overextension of your credit, could all lead to extreme emotional and financial hardship. The key is to be aware of your financial situation and be able to recognize some of the telltale signs you could be heading towards bankruptcy.

In cases where you have reached, or exceeded, the limit on your credit cards, you have no emergency fund or savings set aside to fall back on, your wages have been garnished to pay delinquent bills or unpaid taxes, you have had to pull funds from your 401k to make payments on existing bills, or your bank is threatening foreclosure, you could rapidly find yourself heading towards bankruptcy.

If you have any of these telltale signs, we advise you contact our firm and speak with a knowledgeable bankruptcy attorney right away. When you contact us, we will take the time to thoroughly review your current situation, analyze your financial objectives, and determine whether bankruptcy or one of the various alternatives to bankruptcy could help you achieve those objectives. We will advise you on the course of action which will help you obtain debt relief, and provide you with the high-quality, professional service you need to get back on the road to financial stability.

Contact a Virginia Beach bankruptcy lawyer at the David McCormick Law Group and schedule a free consultation to find out how we can help you.

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