Bankruptcy protection can be life-changing for borrowers struggling with unmanageable debt, giving you the chance to start your financial life over again. Unfortunately, many borrowers put off filing for as long as possible, putting them deeper into debt and letting more stress into their lives. If you’re experiencing any of the following, it may be time to talk to a bankruptcy attorney.

4 Signs It’s Time to Call a Bankruptcy Attorney

1. You’re Having Trouble Paying for Housing

If your bills are taking too much of your income, you might struggle to make your rent or mortgage payment every month. Filing bankruptcy will eliminate most unsecured debts, leaving more room in your budget for the essentials. Chapter 13 bankruptcy programs can distribute delayed mortgage payments with a court-managed payment plan. This could prevent foreclosure on your home and allowing you to move forward with a financial system in place.

2. Creditors Are Harassing You

Constant letters and phone calls from collection agencies can make a troubling situation worse, especially if they’re threatening legal action. Fortunately, filing bankruptcy triggers an automatic stay, which puts an immediate stop to all collection activity, including foreclosures, wage garnishment, and lawsuits.

3. You’ve Depleted Your Savings

Even if you’ve tried to be financially responsible, a job loss or medical emergency can force you to drain your savings. If you’re living paycheck to paycheck or using credit to pay for daily living expenses, a bankruptcy attorney may be able to help rebuild your finances.

4. Stress Is Affecting Your Life

Financial pressure affects almost every aspect of your life, including your relationships, sleep patterns, and even your health. If you’re losing sleep or fighting with your spouse because of financial stress, filing for bankruptcy can help protect what matters most to you.

Since opening their doors in 1976, Ferguson, Hayes, Hawkins & DeMay, PLLC has helped residents throughout North Carolina’s Carrabus County reclaim their lives from debt. With over 90 years of combined experience, their bankruptcy attorneys have the expertise to help with even the most difficult financial situations. Visit their website for more information on their debt relief services or call (704) 788-3211 to arrange your initial consultation.