When to Declare Bankruptcy
Declaring bankruptcy is a big decision and should not be taken lightly. Knowing when to make the decision to declare bankruptcy can provide individuals with the guidance they need in order to make the right financial decisions. Making the wrong choices can lead to further financial damage, so understanding when it's time to declare bankruptcy is essential.
The most important factor in determining when someone should file for bankruptcy is if they have sufficient income after paying necessary expenses such as rent, food, utilities and other bills. If an individual does not have enough money left over each month after their costs are paid off, then declaring bankruptcy may be an option worth considering. Additionally, debt levels that seem impossible to pay down also indicate that it may be time for an individual or business to consider filing for bankruptcy relief in order to get out of debt.
The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706