Many people think the term “bankruptcy” has a negative connotation, as if filing indicates an individual with excessive spending habits. However, in reality, the need to file for personal bankruptcy is often the result of circumstances outside of a person’s control. Here are just a few of the most common reasons to pursue this debt relief option with a bankruptcy attorney.

3 Reasons to Seek Out a Personal Bankruptcy Attorney

1. Reduced Income

For the past decade, Americans have been recovering from the 2008 financial crash. As a result, the struggling economy has made it much easier to get laid off or demoted rather than hired or promoted. If your salary was reduced or you were forced to find another job with a smaller paycheck, you may be struggling to make ends meet. In any case, there’s no shame in hiring a bankruptcy attorney and seeking a fresh start.

2. Unexpected Expenses

Unforeseen payments or expensive accidents always seem to pop up when you’re least prepared. Whether a storm flooded your house, your car broke down, or you dealt with an illness, you might’ve had to pay for these emergency expenses with a credit card or take out a loan. If you’re struggling to recoup what you borrowed, filing for personal bankruptcy could help you break free from the burden.

3. Divorce

When you’ve tried everything to make your marriage work, ending the relationship and going your separate ways may seem like the only way to live peacefully. However, this relief can come with a hefty price tag. From hiring a family lawyer to paying broker’s fees for your marital home, it’s easy to rack up debt during a divorce. Luckily, a personal bankruptcy attorney can help you begin your new life with a clean financial slate.

If you’re looking into filing for bankruptcy, get in touch with Greg Dunn, Bankruptcy and Debt Relief Attorney today. This respected bankruptcy attorney based in Honolulu, HI, has handled over 12,000 cases, so he has the experience to address your unique circumstances and help you avoid the consequences of considerable debt. For more information on his services, visit the website, or call (808) 524-4529 today to set up a free consultation.