Disclaimer: As trusted leaders in credit repair, Lexington Law Firm is a consumer advocacy firm with a focus on helping consumers repair their credit. Lexington Law does not practice other specific areas of law, and any information provided on this blog is strictly for informational purposes. Please consult with an attorney in your state to determine what may be applicable to your individual situation.
Bankruptcy. A creditor detests it, until in need of its protection. A debtor avoids it, until it’s often too late. It is so easy to avoid planning for a bankruptcy until you are suddenly faced with that difficult choice due to your credit situation. For in bankruptcy, judgment day — in a strictly legal sense — may literally arrive ever so unpredictably as the result of a fleeting former lifestyle. To help you in your journey, this article will address some important factors to consider in determining whether or not bankruptcy would be applicable to you.