Dealing With Reluctance to File for Bankruptcy by Resolve Legal

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Dealing With Reluctance to File for Bankruptcy
by Resolve Legal

Like many people, you may be reluctant to file for bankruptcy even though a Washington bankruptcy lawyer has advised you that bankruptcy is the best – maybe the only -- solution to your financial problems. Your resistance is understandable.

You may feel embarrassed – you should be in control of your finances, but you’re not. And there’s a certain stigma attached to bankruptcy, whether you go through the process yourself or are represented by a Washington bankruptcy lawyer. The filing is a public admission that you are unable to pay your debts. Bankruptcy also carries with it several unpleasant consequences, including the following:

• For 10 years, the bankruptcy will be reflected on your credit report (and there’s nothing a

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Posted on: October 23,2007

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