When you’re facing a difficult financial situation, one of the biggest questions on your mind is likely, “Should I file bankruptcy”? The question and the way that you answer it will have a huge bearing on your financial future, and the rest of your life. It’s essential that you properly weigh all of the different factors, and come up with a solution that makes the right sense for your particular circumstances.
One big issue at hand, for instance, is accounting for both short-term interests, and long-term outcomes. Filing bankruptcy in many cases provides the most upfront relief for you and the financial obligations you’re facing. The downside of course is that it also carries the most severe consequences, and those can be felt for years and years down the road.
How much do you need relief right now, and are there viable alternatives which can provide that relief without filing bankruptcy? If you are filing bankruptcy, are there adequate ways to protect key possessions or valuables that you are interested in keeping? Is there any way to argue against obligations which are owed? Are you currently steadily employed, and in this case, would Chapter 13 bankruptcy provide you with the appropriate path to take?
These are just a few of the questions and considerations to keep in mind. That’s why it’s essential to work with an experienced Maryland bankruptcy attorney who has a track record of producing successful outcomes and resolutions for both bankruptcy filings and litigation, and bankruptcy alternatives. Your attorney will be able to help guide you through this process, and develop a solution tailor-made for you.
Always remember that no two cases are the same. That means that based upon your own financial picture, your needs, goals and preferences, and much more, there may be a solution which works great for you, but would not have worked equally as well for somebody else.
For more information, or to receive a free consultation, please call Goren & Tucci, LLC, today, at 301.718.1892. We look forward to hearing from you and telling you more about how we may be able to help.