Recognizing Signs of Financial Danger in Time to Take Effective Action
When struggles with bills and cash flow begin, it can be extremely difficult to gauge whether the problem is temporary or will persist for the long term. It is certainly understandable to stay positive and determined about your ability to catch up, but some events and circumstances definitely call for a reality check.
Missing Payments and Falling Behind? Tapping Your 401(k) or Other Key Assets?
Filing bankruptcy is a big step. At the Price Law Firm, we have helped thousands of people throughout central Florida take that step to get the debt relief they needed and set out on a path to recovery. While a single missed payment or financial setback may not mean personal bankruptcy is right for you, there are many signs that indicate it is time to learn the truth about your options from a focused lawyer. These include:
- Withdrawing money from 401(k) plans or other retirement savings accounts to pay bills, incurring substantial penalties although these assets can usually be protected in bankruptcy
- Finding it necessary to buy groceries or handle other basic living expenses using credit cards — or recognizing that you can pay only minimum monthly payments on multiple cards
- Receiving creditor and collector calls that mean you are at risk for a lawsuit, wage garnishment or other action against you
- Agreeing to enter and participate in a debt consolidation or other “debt solutions” program in the hope of settling your debts for a fraction of what you owe
Balanced, Comprehensive Legal Counsel on Debt Relief Options
Leveraging personal as well as extensive professional experience, we counsel people with all kinds of financial difficulties related to their homes, cars and consumer debt loads. We tell our clients the truth about what is involved in the process, available bankruptcy alternatives and life after bankruptcy.
It will cost you nothing to sit down with an Orlando bankruptcy attorney at our firm for a consultation focused on your debt relief options and best interests for the future. We will welcome your questions and treat you with care and respect. Please call 407-834-0090 for the qualified legal help you need now.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.