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Nearly Half of the General Public Believes Bankruptcy is Acceptable \u2013 Good or Bad?<\/p>\n

Recent public polls show that, unlike in past decades, filing bankruptcy is widely believed to be a viable plan to settle financial difficulties. 43% of the people polled said bankruptcy is an acceptable and easy way to settle monetary problems.<\/p>\n

In my humble opinion, this acceptance is a double-edged sword. While it\u2019s good that the idea of bankruptcy doesn\u2019t conjure up visions of failure and years of shame because of a smear on an individual\u2019s credit report, I believe we need to look at the bigger picture.<\/p>\n

First, part of the reason for this general acceptance is due to publicity for \u201cbankruptcy mills\u201d that promise to solve all of your financial problems with their simple, inexpensive bankruptcy packages. Don\u2019t get me wrong; it is entirely possible for a person who files bankruptcy to realize a better lifestyle and even improved credit in a very short time. It is also possible for another person to find themselves back in the same or worse circumstances shortly after filing. There\u2019s much to be considered before, during and after the proceedings.<\/p>\n

Secondly, I can\u2019t help but wonder how many of the reported 43% are actually unaware that there are many other legal and rightful ways to settle financial problems. Even in today\u2019s hyper-informed society, there are scores of individuals who don\u2019t know these alternatives exist. Here are just a few of the possible ways one may seek relief without bankruptcy:<\/p>\n

\u2022 Loan modification
\n\u2022 Deed in lieu of foreclosure
\n\u2022 Short sale
\n\u2022 Debt negotiation
\n\u2022 Debt consolidation
\n\u2022 Credit repair
\n\u2022 FDCPA Protection<\/p>\n

I won\u2019t go into the details of each of these here, because you can find and read about them on my website: https:\/\/larkinfirm.com<\/a>. I just want to point out that these options are all available and may involve less work and expense than a bankruptcy petition and should be considered before deciding to file. Many of these can even be carried out on your own or with minimal guidance from an attorney. It\u2019s my opinion that at least some bankruptcy cases could be avoided by employing one or more of the debt relief methods listed above. That\u2019s why I make it a point to explore all possible options available to a client. Debt relief is a matter of finding the right solutions to suit a person\u2019s situation and seeing them through properly, to ensure the best possible outcome.<\/p>\n

Of course, it\u2019s possible that, after exhausting all other possibilities, filing bankruptcy may be the best option. In that case, I work with my clients to plan and implement each step in the most thorough manner possible, from preparing the petition to outlining a solid recovery plan after the proceedings.<\/p>\n

If you\u2019re in need of a lawyer with the experience and ethics to help you seek a solid recovery, contact accomplished EL CAJON BANKRUPTCY LAWYER<\/a> Jeff Larkin. To seek advice from CHULA VISTA BANKRUPTCY ATTORNEY<\/a> Jeffrey Larkin, call 877.25.NEW.HOPE for a free consultation today or visit his BANKRUPTCY LAWYER IN CARLSBAD CA<\/a> Google+ Local page.<\/p>\n

For more details, Please visit our website: https:\/\/larkinfirm.com<\/a><\/p>\n

By Jeffrey Larkin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nearly Half of the General Public Believes Bankruptcy is Acceptable \u2013 Good or Bad? Recent public polls show that, unlike in past decades, filing bankruptcy is widely believed to be a viable plan to settle financial difficulties. 43% of the people polled said bankruptcy is an acceptable and easy way to settle monetary problems. In…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[23,24,25,26],"class_list":["post-3632","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bankruptcy","tag-carlsbad","tag-mental-health","tag-san-diego"],"yoast_head":"\n