Goodlettsville Bankruptcy Lawyer

Debt can become extremely overwhelming, even before you have a chance to process the problem or realize it exists. One missed payment can turn into several, interest piles up, and soon you start dealing with creditors calling nonstop. When this happens, many turn to bankruptcy as a chance to start over. A Goodlettsville bankruptcy lawyer can walk you through the options that exist to ensure you understand how the laws work and determine what is suitable for your situation.

At Kerney Law Firm, we know that financial hardships can happen to anyone. We proudly offer a judgment-free space to discuss your challenges and receive professional advice on how to move forward. Whether you need to eliminate some unsecured debt that has become unmanageable or if you are looking to create a repayment plan under bankruptcy law, we are committed to helping you achieve lasting financial relief and peace for years to come.

How Do I Know If Bankruptcy Is Right for Me?

Deciding if bankruptcy is the right option for you requires a deep look into the realities of your finances. Many people suffer with debt longer than necessary out of the hope that their financial situation will improve overtime. However, delaying this decision can sometimes lead to even greater debt and more stress.

Understanding these key warning signs can help you determine if bankruptcy is necessary to help you regain financial stability:

Struggling to Keep Up with Minimum Payments

If making the minimum payments on credit cards, medical bills, and other forms of unsecured debt have started to become a challenge, it could indicate that your financial situation has become unsustainable. While minimum payments often cover a little more than just the monthly interest being added, it can sometimes make it nearly impossible to reduce your actual debt balance. As your interest compounds, your balances will grow larger.

Facing Foreclosure, Repossession, or Wage Garnishment

If you are falling behind on your mortgage, car payment, or any other essential loan, it can put important assets such as these at risk. When a lender begins foreclosure proceedings or threatens to repossess your vehicle, it can feel as if you don’t have any options left. However, under Chapter 13 bankruptcy law, there is the possibility of stopping the foreclosure and catching up on past-due payments through a structured repayment plan without losing these important assets.

Relying on Credit to Cover Basic Living Expenses

If you start using your credit cards or other personal loans to pay for everyday necessities like rent and groceries, this is a warning sign that your financial situation is starting to become unsustainable. While credit cards can be a helpful tool when used responsibly, relying on borrowed money for basic needs can often lead to a downward spiral of debt accumulation. Overtime, credit limits will be reached, making the financial strain even more unbearable.

Contact Kerney Law Firm Today

If you are currently struggling with your finances and are wondering if bankruptcy could be a good fit for you, contact our firm today. See why others in your predicament have trusted us to assess their financial habits and recommend a path toward financial freedom.