Many different things can lead to a person considering bankruptcy

On behalf of The Rollins Law Firm posted in Personal Bankruptcy on Wednesday, April 22, 2015.

The financial and economic world is a very complex one and one in which there can be quite a bit of fluctuation. Thus, there are many different ways a person could find themselves in financial trouble.

Consequently, there are all sorts of different things that could lead to a person considering seeking out bankruptcy protection.

What are some of the more common bankruptcy catalysts? Among the things that a recent article on the Huffington Post's website identified as being the most common contributors to a person going into bankruptcy are: overspending/bad budgeting, foreclosure, utility payments, student debt, surprise expenses, divorce, credit card debt, loss of employment, income reductions and medical expenses.

Along with these more-common bankruptcy catalysts, there are all manner of different less-common catalysts out there. Thus, there are all sorts of different financial circumstances a person who is thinking about bankruptcy can be in.

Does is matter what specifically leads to a person considering bankruptcy? It can matter quite a bit. A person's individual financial circumstances and how they got to those circumstances can impact many things when it comes to bankruptcy, such as: whether bankruptcy would be a good choice for them, what bankruptcy type would be most appropriate for their situation and, if they do end up pursuing bankruptcy, what sorts of issues would be likely to be big ones in their bankruptcy. Experienced bankruptcy attorneys can provide individuals who are thinking about pursuing a personal bankruptcy with bankruptcy and debt relief guidance and advice that is tailored around their specific financial circumstances.

Client Reviews
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.