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How Bad Should My Debt Be Before I File For Bankruptcy?

If your life is being negatively impacted by debt, bankruptcy is an option worth considering.

If your day-to-day activities are impacted, you keep your phone’s ringer off because of the constant calls, you worry about losing your home to foreclosure, your car to repossession, or your wages are being garnished, you should strongly consider that you’ve reached a point where your best option is to take the credit hit and start over.

Bankruptcy has serious consequences and certainly isn’t for everyone.

Your credit will be negatively impacted for a number of years, but you can build good credit that makes you a good credit risk even when lenders can see a bankruptcy a few years in your past.

Ultimately, there’s no one-size-fits-all way to determine whether bankruptcy is the right choice for you.

Call the Queens bankruptcy attorneys at Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation.