Just about everyone goes through a period of financial uncertainty. In the best case scenario, it is possible to develop a strategy for paying off debt and restoring some order to the finances. For people who find that their best efforts do not produce any real results, it may be time to talk to a bankruptcy attorney in St. Charles, MO. Here are some examples that make it easier to know when the time has arrived.
Making Minimum Payments is No Longer Possible
At one point, it was possible to at least make minimum payments on every outstanding debt. While that did prevent anything from falling into arrears, the balances seemed to decrease at an extremely slow rate. The problem is that now some other unexpected expense has come up, and making even the minimum payments is no longer an option. With creditors who are not willing to work out any alternative terms, chances are that talking with a bankruptcy attorney in St. Charles, MO is the most practical solution.
Creditors are Calling your Work
Until recently, no one else knew about your financial problems. Only the debtor and the creditors knew what was happening. Now, some of the creditors are starting to make calls to the debtor at work. The frequent calls are being noticed, something that is not helping make the employment situation secure. Before any real damage is done, consulting an attorney will help. Assuming the debtor does meet the criteria for bankruptcy protection, those calls will come to an end once the bankruptcy attorney in St. Charles, MO, files the petition with the court.
Impossible to Envision a Future
Having debt and being unable to pay it has a way of undermining every aspect of life. Constant worrying about bills can damage relationships, destroy productivity at work and, in general, make it hard to enjoy even the simplest pleasures. Rather than sinking deeper into depression, choosing to find out if bankruptcy is an option is a wise idea. Once the process is in place, it will once again be possible to see a future that comes with the chance for a fresh financial start. Visit website for more information.
For those who feel they have tried everything possible to deal with their debt and nothing works, contact Van Dillen & Flood P.C. today. After reviewing the particulars, bankruptcy may be the only real answer.