Filing for bankruptcy is something most people try to avoid at all costs. Interestingly, when individuals file for bankruptcy some people are inclined to be critical, even accusing them of grossly mishandling their finances. While this may be true in a few situations, in others, it can involve the loss of a job, serious health issues leading to medical indebtedness, or the death of the primary breadwinner in the family just to name of few common reasons.
Regardless, the negative impact that individuals experience is unfair when you consider that a corporation can file for bankruptcy, and the public is inclined to look the other way with the attitude that it simply could not be avoided, and it’s no one’s fault.
Partnership through Bankruptcy
At Grand Law Firm in Baton Rouge, LA, we want our clients to understand that there is life during and after bankruptcy. We will partner with you to determine which form of bankruptcy is best for your return to financial solvency.
It’s the same scenario for an individual filing bankruptcy as it is for a corporation; there’s simply not enough money coming in to pay your bills, and the people you owe are relentless in their attempts to collect what they believe is owed to them. In an attempt to delay the inevitable, many people decide to borrow more money which only increases their debt load, and does little or nothing to improve their circumstances.
If you find yourself further behind in paying your bills each month, we encourage you to contact Grand Law Firm’s bankruptcy lawyer in Baton Rouge, LA to assess your financial situation and determine if bankruptcy is the best course of action for you.
A New Start with Bankruptcy
Filing for bankruptcy can be the best decision you can possibly make providing you have learned from your experience, and are willing to organize your debts, pay them as agreed upon with the bankruptcy trustee, and start fresh. During this time, it is also imperative for you to go through some type of financial counseling and some bankruptcy trustees even require that you do so.
Contact our offices today to discuss your financial concerns.