Mt Juliet Bankruptcy Lawyer

Accumulating debt can quickly become overwhelming, leaving individuals and families feeling trapped and unsure how they will ever recover. Fortunately, solutions like bankruptcy exist as a legal option to help regain control and work toward a fresh start. Whether you are someone who has accumulated too much credit card debt or medical expenses or has missed numerous loan payments, working with a Mt. Juliet bankruptcy lawyer can help you achieve financial stability.

At Kerney Law Firm, we strongly believe that no one should have to face their financial difficulties alone. That’s why our firm is dedicated exclusively to consumer bankruptcy. We help individuals and families alike find the right solutions to address the root cause of their financial hardships. Starting day one, we commit to offering personalized guidance every step of the way to ensure you understand your options and feel confident navigating the legal journey ahead.

How Do You Know When It’s Time to Consider Bankruptcy?

Making the decision on when to file for bankruptcy is a major decision that one should not take lightly. However, for some, it can be the first realistic step toward achieving financial relief and stability.

Some of the most common signs it might be time to consider bankruptcy as a solution include:

Your Debt Exceeds Your Ability to Repay

If the total amount of debt you currently have, excluding your mortgage, is greater than your annual income, you could make the case that paying everything off in a reasonable time is unrealistic. This is especially true if part of that debt is high-interest credit cards or personal loans that are quickly compounding. This can make it seem almost impossible to catch up, even if you stay consistent in making regular payments.

You Are Using Credit to Cover Basic Necessities

Many people will try to avoid bankruptcy by using credit cards to cover essential expenses, such as groceries, rent, or utility bills. While this can help provide relief temporarily, it can often lead an individual into a cycle of even greater debt that becomes impossible to escape alone. If you find that you are relying on credit cards to get by for your most basic needs, it could be a sign that your financial situation is currently unsustainable.

You Are Facing Wage Garnishments or Lawsuits

If creditors have started to file lawsuits against you because of your debt or have started to garnish your wages, this can be another indicator that your debt has reached a breaking point. When this happens, starting the bankruptcy process can help. It can put an immediate stop to these types of legal actions through an automatic stay, which stops creditors from engaging in their collection methods while you sort the legal details out with an attorney.

Your Debt is Impacting Your Health and Well-Being

Being stressed over finances can have a significant impact on your mental and physical health. This can lead to severe cases of anxiety and depression. If you are finding that financial stress is impacting the quality of your well-being, bankruptcy can be the road to recovery. This can help you rebuild with less stress and greater peace of mind.

Contact Kerney Law Firm Today

If you are ready to get started on your bankruptcy journey, contact our law firm today. We are standing by, ready to learn more about how we can help you on the road to financial recovery.