When you’re behind on bills and financial pressures are mounting, life can seem unmanageable. One way to take back control is to explore the option of bankruptcy and see if it's the right choice for you. Below, bankruptcy lawyers James and Patrick Kratovil at the Kratovil Law Offices, PLLC, in Charles Town, West Virginia, discusses three situations when bankruptcy could be the best path to a debt-free life.

When Filing for Bankruptcy May Be the Best Option

1. When You Have More Credit Card Debt Than You Can Realistically Repay

It's no secret that most Americans carry some amount of credit card debt. That becomes a problem, however, when one's income is not adequate to successfully repay those debts. Tally up the credit card balances and weigh them against how much money you have coming in every month. Is it feasible that you will be able to pay the outstanding balances in a reasonable amount of time? Are you only making the minimum required payments and still struggling to get by? Bankruptcy could be for you.

2. When Facing Foreclosure

If you're in default on a mortgage and the lender is foreclosing on the house, bankruptcy can help you stay in the home. A filing automatically puts a temporary halt to the foreclosure process. This can buy you some precious time in which to work with a lawyer and come up with ways to hang onto the home you love.

3. When the Unexpected Happens

Life can throw curveballs, and, unfortunately, these can be expensive. An unexpected medical emergency or the sudden loss of a job can quickly put you in uncertain financial waters. Also, creditors can be relentless, sending you to collections and issuing endless phone calls and letters. Bankruptcy will protect you by putting an end to creditor harassment and giving you a fresh financial start during a time of unexpected hardship.

Trust our team at Kratovil Law Offices, PLLC to look out for you at every step of the bankruptcy process. Attorney James Kratovil has been practicing law in the Eastern Panhandle of West Virginia since 1976. Attorney Patrick Kratovil is a National Bankruptcy Institute Medal of Excellence recipient for his studies in bankruptcy law. Call (304) 728-7718, visit the law office's website, or contact them on Facebook or Google+ to schedule a consultation today.