Most every Philadelphia bankruptcy attorney is seeing new clients from every level and strata of the economy seeking to reorganize their finances. In fact, almost every Philadelphia bankruptcy attorney has seen double digit growth in the new year. The economy may be improving, but in the opinion of most every Philadelphia bankruptcy attorney there is a long way to go before the recession really ends.
In fact, many people now hiring attorneys are those who have held out the longest and worked the hardest to keep themselves above financial water. Perhaps they had a job loss or an unexpected medical or repair bill that finally sent them over the edge. There are many stories of despair being told. Many times these same attorneys are hearing these stories from relatives, friends and neighbors, making the matter personal and distressing.
Many people are in shock that they could have gotten to such a position of economic disaster, and have no plan or idea or concept of what they might face while dealing with their attorney. Had they taken a little time and examined their finances, then it might be a different story. Financial health should be examined the same as physical health. No good comes of waiting too long to see the doctor, and it is the same with finances. The prescription is, do not wait to hire a good attorney.
Finding a good attorney is not hard. Finding a good attorney that can really advocate specifically for your needs and desires is harder. Harder, because many people do not have an idea of where they want to be in two, three or five years. And, yes, there are choices. Reorganizing your finances in not the end of the world. In fact, is the first step in creating a better future, if you take some time to envision that future.
Take your search first to relatives and close friends. Chances are they have had to reorganize their finances sometime in recent years.
If your friends and relatives have been luck or smart -- or both-- then go to the Internet.
Many attorneys have detailed sites with information on services and backgrounds.
Once you retain an attorney you may be advised to file Chapter 7 or Chapter 13 consumer bankruptcy. Chapter 7 will have you selling your assets and repaying those you owe. Chapter 13 will have you setting up a schedule for repayment to creditors and keeping some assets.
Working with your attorney is the first and best step you can take towards a better financial future.