Misconceptions About Bankruptcy
By David Kovari | Published on August 8, 2011 | 0 Comments
Mr. David Kovari, a Boca Raton bankruptcy attorney, says bankruptcy proceedings shouldn’t be seen as a last resort, but as a viable option that can help people get their finances back on track.
Mr. Kovari states that a lot of misinformation exists surrounding bankruptcy and many individuals that have substantial debt may have not considered all of their viable options.
“Bankruptcy can be very effective – That’s the bottom line. It may allow people to get a fresh start.”
Although every case is different, there are many common signs of overwhelming debt:
- Using one credit card to pay down another.
- Facing foreclosure, vehicle repossession and receiving excessive phone calls from creditors.
- If your finances only allow you to make minimum payments that don’t impact the balance.
- Being sued or having wages garnished.
- Lost job or unexpected medical bills.
Mr. Kovari’s law firm concentrates on Chapter 7 and Chapter 13 bankruptcy and debt solutions.
To determine if bankruptcy may be a suitable option, you may consider consulting a Boca Raton bankruptcy attorney.
*Disclaimer: This article is for informational purposes only. You should not rely on this article as a legal opinion on any specific facts or circumstances, and you should not act upon this information without seeking professional counsel. Publication of this article and your receipt of this article does not create an attorney-client relationship.