Don’t wait to file for bankruptcy

If you’re behind on your bills and in deep debt, you shouldn’t wait to file for bankruptcy.

Many times, clients won’t file for bankruptcy until they discuss their situation with a family member or friend, who often times tells them not to file for bankruptcy and gives them tips on how to get out of the situation. Those same clients typically end up failing to work out their financial issues and fall deeper and deeper into debt and lose more than they would’ve lost if they just originally filed for bankruptcy.


Are you behind on your car payment? A bankruptcy can help you get out of debt while keeping your car. But if you wait too long and the repo man comes and takes your car, you can get it back if it hasn’t been sold yet, but the process is much more difficult than if you wouldn’t have waited so long to file for bankruptcy.

Are you behind on your mortgage payment? A bankruptcy can help you get out of debt while keeping your home. But if you wait too long, then your home will be foreclosed. However, if you wouldn’t have waited so long to file for bankruptcy, you could’ve kept your home.

Are you behind on your credit card bill? A bankruptcy can help you get rid of that debt, but if you wait too long, your creditors will take out a judgement against you and your employer will begin garnishing your wages. Then you’ll probably be paying much more money than you would’ve paid if you wouldn’t have wait so long to file for bankruptcy.

If you’re in debt and aren’t sure how you’re going to pay your bills, I urge you to consider filing for bankruptcy.

By filing for bankruptcy, your debts can be discharged through a Chapter 7 or lumped into an affordable 3-5 year repayment plan through a Chapter 13. An experienced bankruptcy attorney can help you determine which chapter is best for your situation.

improve your credit score to a 720 | bankruptcy attorneys in memphisAfter the bankruptcy has been completed, you have a fresh slate and a new start to re-establish and re-build your credit the right way.

At Darrell Castle & Associates, we not only want to help you get out of debt through the bankruptcy process, but we also want to help lead you to a better financial life. We do this by offering you access to a great 14 week program called “7 Steps to a 720.” This program, which is offered free to our clients, teaches you secrets the banks don’t want you to know in regards to rebuilding your credit the right way.

The decision to file for bankruptcy can be a tough one, but with the experienced Memphis bankruptcy attorneys in our office, the process is easy.

If you have any questions or if you’re considering filing for bankruptcy, you can speak to one of our attorneys, free of charge, by filling out the “Get in Touch” form or by calling us at (901) 327-2100.