When should I file for bankruptcy?  If you owe more now than you did last month.  This test is easy and the answer is simple to understand.  It is your best way to tell whether your finances are headed in the right direction or whether you are digging deeper into debt.  If you ignore this one piece of expert advice you will undoubtedly follow the false promise of what appears to be quick easy painless debt collection schemes, schemes that are stacked against you.

 Do not ignore these warning signs.

 As one struggles with bills one typically faces a series of common phases:

• You pay as much as you can on your bills, and when that is not enough you move into phase one.  First, one uses savings, until none is left, leaving nothing for emergencies.  You are taught early in life to save for a rainy day.  Your savings account is your safety net.  It is there to protect you and keep you out of financial trouble.  Using up your emergency fund is your first warning sign that financial danger lies ahead.

• Next, one borrows money, usually in one or more of the following four ways.  (1) By credit cards, until the account limits max out and the bank declines to issue further credit; (2) By long term debt consolidation, based on one’s ability to get a loan; (3) By short term high interest payday type loans; (4) By begging money from family and friends.

 When you find yourself in a hole, stop digging.  Borrowing money to get of debt is the same as digging the hole deeper.  If you cannot pay your bills today, you will not be able to pay more debt tomorrow.  When no one will loan you more money, you have used up all your credit, and you have spent all the money you do not have.   When you have no more credit to spend, stop digging.   This is the second warning sign that you need real help.

 Finally you realize your ways do not work and you start to ask for advice.  The one word you keep hearing is bankruptcy. That is a word you have been conditioned to avoid, because banks tell you it is bad.  The same people that stopped loaning you money do not want you to file bankruptcy.  Why, because they tell you they will not give you loans in the future.  But they already stopped giving you loans and you cannot pay the debt you already have.

 It is time to get a fresh start, a do-over.  It is time to take back control of your life.  In reality, contacting a bankruptcy lawyer is the first step to achieving debt relief, but for many people it is often the last resort.  The third warning sign is thinking you can solve this problem yourself.

 See an expert. You tried it your way.  Now is the time to listen to the expert.  A bankruptcy lawyer brings years of experience and thousands of cases to your problems.  A lawyer will listen to your problems and present you with options to get out of debt.   The lawyer can offer debt consolidation or debt settlement and can explain whether those options are suitable to your situation.

 It is time to follow advice.  Keep an open mind and let the bankruptcy lawyer work for you.  Accept the advice, take the recommendations.  Do not insist on another scheme that “is a loser”.  You ignored all the warning signs leading to falling in debt.  Now is the time to let the experienced bankruptcy lawyer help you out of debt.

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Need a bankruptcy lawyer for additonal information on filing for chapter 7 or chapter 13 bankruptcy - help is just a short phone call away.   If you live in Quincy, Brockton or anywhere else on the south shore of Massachusetts - I can help you eliminate your debts and get a fresh start.

"I thought Attorney Striffler was very helpful and understanding, not judgmental at all."

 Chapter 7 Client, Bellingham