Let me tell you about a common scenario I encounter. It is towards the end of a bankruptcy consultation and I have given my speech regarding the ins and outs of the bankruptcy process, the difference between chapter 7 and chapter 13 filings, and what not. I ask my potential client if they have any further questions, to which they reply "well, do you think I should file bankruptcy?"
Let me say upfront that I simply cannot answer this question. I will do my best to supply you will all of the bankruptcy knowledge you need, but in the end this is a decision you must make on your own. Don't get me wrong, if you let me I will talk until blue in the face, weighing your options and advising you to the best of my ability. But in the end, it is ultimately your call.
With that said, I have compiled some general points to think about when you are trying to decide whether or not you should file for bankruptcy protection.
Again, theses are not rules set in stone. Instead, they are simply points to consider. As always, I recommend you speak with a licensed bankruptcy attorney and thoroughly discuss all options prior to making a decision. If you have any questions, feel free to give me a call or visit my website and take advantage of our live online chat feature.