A number of myths and misperceptions surround the concept of bankruptcy as it is generally portrayed in American popular culture. For example, a widespread myth exists that filing for bankruptcy devastates an individual’s credit permanently. In reality, bankruptcy only remains on an individual’s credit report for roughly seven years. In addition, the credit-related challenges associated with bankruptcy lessen over time, even though the bankruptcy itself is visible on the individual’s credit report.
This myth serves as only a single example of how much more complex the realities of bankruptcy are when compared to popular overgeneralizations about this legal and financial tool. It is partially because the bankruptcy process is nuanced that it is generally a good idea to speak with an experienced Memphis, Tennessee bankruptcy lawyer before dismissing it as a viable option for you and your family. If you are struggling financially, filing for bankruptcy may provide you with a host of valuable benefits that will allow you to have a healthier financial future than you would if you simply continued to grapple with overwhelming debt. Please consider scheduling a consultation with Darrell Castle & Associates PLLC today. The sooner you act, the more legal and financial options are likely to remain available to you.
Preparing for an Initial Bankruptcy Consultation
When preparing for a consultation with a Memphis, TN bankruptcy lawyer, it is important to write down any questions you may have about your financial situation, the bankruptcy process generally and/or the kind of attorney-client relationship you can expect when working with an experienced Memphis, TN bankruptcy lawyer. As discussions about filing for bankruptcy can be somewhat stressful, it is important not to rely too heavily on your memory in the moment. Writing questions down in advance will help to ensure that you receive the clarifications and guidance you are seeking in regards to important issues.
When you speak with a Memphis, TN bankruptcy lawyer, we will take time to learn about your family’s unique situation. After we better understand your current circumstances, we will be able to advise you about your legal options. Filing for bankruptcy may or may not be your best option at this time. If bankruptcy may be a healthy choice for you and your family, we will talk to you about the different kinds of bankruptcy available and which may serve as an appropriate option.
Bankruptcy Assistance Is Available
If you are struggling financially and are interested in exploring bankruptcy as an option, please consider scheduling a consultation with our Memphis, TN bankruptcy lawyers at your earliest possible convenience. Speaking with an experienced bankruptcy attorney will allow you to clarify your legal options and make informed decisions moving forward. Bankruptcy may not be the ideal option for everyone. However, this process has helped millions of Americans regain their footing in order to better ensure a healthier financial future. We look forward to speaking with you about the bankruptcy process and about any additional and/or alternative legal and financial resources that may benefit you and your family.