Unfortunately, life doesn’t always go as planned, and many people find themselves in difficult financial predicaments each year. If you need a fresh start, turn to the bankruptcy lawyers at Watson Law Firm OF Harrison, AR. Their team has more than 35 years of experience helping clients rebuild their lives, and they will be happy to assist you in wiping your slate clean.

Here are four signs you should consider filing for bankruptcy:

• Your Living Expenses Are Adding Up: If you consistently struggle to make it to the end of your pay period with the money in your account, you might benefit from filing for bankruptcy. Living from paycheck to paycheck is incredibly challenging, and if you have to miss work due to illness, injury, or a family emergency, you may not be able to make the minimum payments on your debt.
• Your Income Is Stagnant: If your income has not changed in years, that means you are actually making less now because of inflation. And if you were barely making ends meet six months ago, it’s likely you will fall even further behind six months from now. Filing for bankruptcy may provide you with the debt relief you need to get your life back on track.
• You Are Considering A Payday Loan: Taking out a payday loan is one of the biggest financial mistakes you can make. Their APR works out to roughly 400%, and it is easy to fall into a cycle where you have to take out a payday loan every week because you can’t keep up with the interest.
• You Are Tired Of Creditors Harassing You: If you have gone several months without making minimum payments, your creditors are probably harassing you with phone calls and emails. Filing for bankruptcy will stop these correspondences, and experienced bankruptcy lawyers will ensure you stay one step ahead of aggressive creditors.  

If you are considering filing, the bankruptcy lawyers at Watson Law Firm in Harrison, AR, will help you determine if you are eligible for chapter 7 or chapter 13 bankruptcy. Visit their website to learn more about their areas of practice, including criminal law and medical negligence, and call (870) 704-4037 to schedule an initial consultation today.