Millions of Americans are struggling to pay their bills during the coronavirus pandemic. Many have been laid off or had their work hours reduced. If you are finding it difficult to pay your bills, filing for bankruptcy could help you significantly. Here are some of the warning signs that you could benefit from filing for bankruptcy in San Diego.
- Struggling to Pay Mortgage or Rent Payments
Keeping a roof over your head and feeding your family is likely your most important priority. Not having the funds to pay your rent or mortgage payments is often one of the most significant indicators that you could benefit from filing for bankruptcy. If you are struggling to pay your rent, you may be worried about being evicted without having another place to live. If you own your home, you may be worried about foreclosure and losing all of the equity you have built up in your home. By taking proactive steps to protect your finances, you may be able to keep your home after bankruptcy.
- Losing Sleep Over Your Overdue Bills
Have your money problems made you lose sleep or argue about your finances with your spouse? If so, your debt may be overwhelming. Financial matters are one of the most common causes of divorce in the United States. While bankruptcy may not solve all of your marriage problems, it will solve many of your debt and financial issues, decreasing the stress in your marriage and family life.
- Suffering Health Complications Due to Money Worries
Sometimes our new clients share that they have been suffering health problems because of their financial worries. If you are having to work two jobs or take all the overtime available, you can become burned out, and your house can decline. Exhaustion and anxiety regarding your debt will not solve your financial problems. Additionally, harassment by debt collectors can cause your mental and physical health to decline.
- Acting Reckless With Your Money
Concern regarding your home being foreclosed upon or losing your vehicle in a repossession can drive people to consider doing something reckless or even illegal. Have you considered gambling to win money to pay off your debt or another type of illegal activity that could put your future at risk? These types of thoughts are signs of desperate thinking and despair.
- Maxing Out Credit Cards to Pay Your Bills
If you are shuffling your money to pay your debts by robbing Peter to pay Paul, it is time to speak to a San Diego bankruptcy lawyer. Applying for new credit cards to add to the shuffle or to try to obtain a low balance transfer rate are signs that it is time to speak to a bankruptcy lawyer.
Contact a San Diego Bankruptcy Lawyer Today
Are you experiencing one or more of these warning signs? If so, you would benefit from discussing your case with an experienced bankruptcy lawyer. Filing for bankruptcy can be an overwhelming prospect, but the experienced lawyers at Bankruptcy Law Center can help you understand the bankruptcy process. Contact our San Diego bankruptcy law firm today to schedule your initial consultation.