5 Mistakes Debtors Make

Pre-Bankruptcy

#5 Pretending Nothing is WrongOnce your monthly income reaches the point where it doesn’t help you get ahead of your bills, there is a problem. Don’t discount bankruptcy as an option to get you back on your feet.

#4 Deceiving Creditors

Honesty is the best policy. Many times creditors can help you by raising credit limits or lowering interest rates.

#3 Letting Reserves Deplete to Nothing

Don’t use all of your money to pay off bills. You have a better chance of sustaining post-bankruptcy if you have available cash.

#2 Feeling Ashamed

Filing bankruptcy does not hold the bad reputation it did years ago. For many people it is the only option.

#1 Going at it Alone

Bankruptcy is a complicated legal proceeding that should be handled by an attorney! Contact a bankruptcy attorney at Clark & Washington today to help you start your journey to being free from debt.