It's rarely easy to decide whether filing for bankruptcy is the right move. There are several things to consider, and you want to feel confident you are making the right choice for your financial future. The Connecticut bankruptcy attorneys of Greene Law, PC will help you find the legal solutions you need for Chapter 7 and Chapter 13 bankruptcy filings.

Below, these Farmington-based attorneys discuss three indicators that filing for bankruptcy may be the right thing to do:

• Your Debt Far Outweighs Your Present Or Projected Income: When the debt you've accumulated significantly outweighs your ability to pay it back, bankruptcy might be a good option. Don't just think about how much money you're making at the present; consider how your income may change, for better or worse, in the future. If you see yourself struggling with the same income or a lesser amount, give bankruptcy some thought.

• You Have An Abundance Of Unsecured Debt: Unsecured debt like credit card balances and medical bills can add up quickly. If much of your debt is unsecured, filing for Chapter 7 bankruptcy will eliminate it, though you'll be left with your secured debt (student loans, taxes, child support, etc.). You still will have financial obligations to honor, but they may become much more manageable once unsecured debt is out of the equation. Your bankruptcy attorney at Greene Law, PC will help you explore both Chapter 7 and 13 filings as bankruptcy options.

• You Are At Peace With The Downsides: If you've weighed your choices carefully and are willing to file for bankruptcy, you also should be comfortable with the potential drawbacks. A bankruptcy will stay on your credit report for 10 years, and your filing may have a negative impact on your ability to immediately secure new lines of credit. However, many filers consider this a fair tradeoff for getting a fresh financial start.

Call Greene Law, PC at (860) 676-1336 to schedule a consultation with a bankruptcy attorney. You also can visit the firm online to learn more about their attorneys and practice areas. Knowing when filing for bankruptcy is the right decision will give you control of your financial well-being.