An inability to keep current on debt can take its toll, both financially and emotionally. If you’re facing the serious consequences of unchecked debt, you may be considering bankruptcy as an option. But how can you tell if this is the right choice for you? In Cincinnati, many clients turn to O'Connor, Mikita & Davidson LLC and their 20 years of legal experience when in search of realistic solutions to seemingly untenable financial situations.

If one or more of the following three items applies to you, bankruptcy is likely the best choice:

• Your Debt Situation Is Long Term: Short-term debt issues can occur due to lost income or a sudden, exorbitant expense. In these cases, it may be easy to get back on the right financial track after a few months. Conversely, a long-term debt situation often requires a comprehensive solution, such as bankruptcy.
• Credit Cards Are Used For Daily Expenses: If a large portion of your income is going towards debt repayment, you might find yourself using credit cards to cover your daily expenses. This will only increase your debt amount due to the accruing interest, which can lead to further financial instability.
• You Are Facing Wage Garnishment: Wage garnishment can occur after long periods of failure to repay debt. In this case, a creditor can request a court order for wage garnishment, and if approved, your employer will deduct some portion of your paycheck to cover your debt. This can be a very serious occurrence, particularly for those struggling in the first place.

With four office locations to better serve a wide range of Cincinnati clients, O'Connor, Mikita & Davidson LLC remains committed to providing qualified legal guidance to ensure you achieve the best possible outcome for your case. Along with their comprehensive understanding of debt issues, these attorneys can also offer help with family law cases, injury claims, and even criminal charges. Learn more about arranging a free initial consultation with a bankruptcy lawyer by calling (513) 655-2068. You can also visit this firm online for more information.