Many people in Florida are having enough financial trouble that they are considering bankruptcy. Are you one of these people? If you have found that your monthly expenses are a lot more than your monthly income, then most likely you are one of these people.
You might wonder just what it is that you are supposed to do about all of your past due medical bills. How are you going to handle your past due credit cards? You are struggling, just like many other people, and you might have heard that the best thing to do is to file bankruptcy.
When Does It Make Sense To File Bankruptcy?
If you have no income at all and there does not seem to be any change in the future for you, then you might want to talk to a Florida bankruptcy attorney. However, if there is income in the house, then there is a very good chance that you can turn things around, and this is when not to file bankruptcy in FL. The thing is though, with things standing as they are, there might not be a very good chance to pull things together. You have to quickly make a change.
The longer you wait to make something happen, the more money it is costing you. The extremely high interest rates and late fees are piling up, and you quickly have to do something about it.
It does not matter whether you have experienced a temporary job loss, a death in the family or a divorce; you are struggling in a real way. The struggle is something that many people face but it is not something you need to continue facing.
One of the best things you can do is to pay off you creditors. As you know though, if you had that kind of money sitting around, you would not have the left over debt. You would have paid everything off already.
Florida Bankruptcy Alternatives
A great solution for you would be that of a consolidation, but not just any consolidation. You want to have your debts reduced, paid off and consolidated. How can you do this? What must be done is to talk to the best professionals in the business.
A debt settlement consolidation company is the company you need. Remember though, you do not want just any company in this line of work. It is important to make sure that you are going with a company that can give you the results you need. Talking with your creditors and negotiating a fair settlement for all parties is a preferred alternative to bankruptcy.
If you are facing a bankruptcy filing your credit is probably pretty crummy. You can avoid further harm by choosing debt negotiation over bankruptcy. Once your debts are settled you can rebuild your credit score in as little as a year. Your credit score is ruined for up to 7 years with bankruptcy.
You might be sitting there with $25,000 in debt but with the help of the best debt settlement consolidation, you might be able to cut a huge portion off that. So many people make the mistake of thinking that they will not actually be able to get their creditors to agree to a settlement. However, the settlement professionals know exactly what to say and how to say it in order to get you the results you need.
Personal Bankruptcy Is Not Your Only Option
Therefore, if you have income and you are able to make some payments on debt, then this is when not to file bankruptcy in Florida. You still might not be sure as to whether or not you are really going to be able to reduce your debt. Even if a huge amount of debt is not settled, you are still looking at a consolidation and that alone will save you an incredible amount of money each month.
If you are ready for a change and ready to start really living your life, then you are going to want to make that phone call. Get your free debt analysis in order to learn more about your options with debt consolidation using debt settlement instead of bankruptcy.