When Is Declaring Bankruptcy in West Palm Beach the Right Move?

Though everyone has experienced money problems at some point in their life, that doesn’t mean that everyone has needed to file for bankruptcy. If you have not made the proper preparations with budgeting and saving, you may have set yourself up for bankruptcy. Though it is not the end of the world when you go bankrupt, there are a few long-lasting holds this can affect your financial life. If you are experiencing any of the following red flags, your only option might be bankruptcy.

Can a West Palm Beach bankruptcy help me?

If you are experiencing any of the following red flags, your only option might be bankruptcy.

• When you must purchase your necessities on a credit card because you don’t have the funds available to pay for it on your own. Yes, this may happen to everyone every now and then, but if this is a constant reoccurrence for you, you might want to stop incurring debt and file for bankruptcy.
• Desperate times call for desperate measures. If you find yourself paying off one credit card bill with another credit card, you are going down a spiraling road of debt that is hard to get out of. This doesn’t help your debt increase or even stay the same. The more you do this, the more debt you are incurring.
• If you are continually missing your credit card payment this is a big no-no. The more payments you miss, the more debt you are gathering. Not to mention, your credit score is always decreasing by the day.

While there are many show-tell signs that can lead you to the solution of bankruptcy, but these are the most common. If you are interested in changing the direction of your path and getting yourself out of debt, we can help. At Bruce S. Rosenwater & Associates, P.A. we are here to help!