Sticking with the theme of answering reader questions today, another reader question that I get is: “How do I know if Bankruptcy is my best choice, and what Bankruptcy Services are right for me?”
- First, you need to consult a financial advisor or Bankruptcy Attorney to have them evaluate your situation for you. Every situation is different, and only a licensed professional can truly help you make the most informed decision. If you look in the phone book (or google search) for bankruptcy services, attorneys, etc. you should find some in your area. Many offer the initial consultation for free.
- Many attorneys that specialize in this field offer services for BOTH types of Bankruptcy, and more. I always say Knowledge is Power, so before your meeting (or even phone call) research what both Chapters are. Know what your assets and liabilities are. The more information you can provide them, the better assessment and recommendation they can provide for you.
- Every situation is different. It does become a public record, and it is printed in your local paper (with a ton of other things). If someone is specifically looking for this information, they probably will be able to find it. Otherwise, people probably won’t know unless you choose to tell them. My personal opinion on the matter is that if filing is the best choice for your family in order to start fresh, then you have to do what is best for your family. People who judge you and think less of you, probably aren’t the best people to have in your life anyway. If they truly cared about you, they’d be supportive and understanding, and willing to help in any way that they could.