While bankruptcy is a valuable tool, it will cause you to have issues getting loans and other financings down the road. It exists to help people that are in an insurmountable amount of debt get some breathing room so they can survive. If you have never declared bankruptcy, you may not know when it is appropriate to do so. The following are three signs you need to hire a bankruptcy attorney in Belvidere, IL.
1. You Can’t Make Minimum Payments – Hire a bankruptcy attorney in Belvidere, IL, if you can’t make the minimum payments on your bills every month. Over time, this is just going to get worse. Late fees and other charges start to add up when minimum payments aren’t made on time. If you have been missing minimum payments month after month, even on your mortgage, it may be time to consider bankruptcy.
2. Your Skipping Bills – Consider bankruptcy when you find yourself putting off certain bills each month. This problem will only get worse unless you start making a lot more money quickly. You can only skip bills for so long before it starts to catch up with you.
3. Constant Phone Calls – Consider hiring a bankruptcy attorney if you are getting constant phone calls from bill collectors. These people won’t stop until they get your money. The only other way to stop them is to declare bankruptcy.
If you are considering bankruptcy and need quality representation, contact the attorneys at Crosby Law Firm. You can learn more about how they can help on their website.