The Pro’s and Con’s of Filing Bankruptcy

November 12, 2019 | By Steffens Law Accident Injury Lawyers
The Pro’s and Con’s of Filing Bankruptcy

Upside (Pro’s)

  • A Fresh Financial Start in Life
  • A Huge Stress Relief
  • Improved Physical and Mental Health
  • Feel Like "Yourself" Again
  • More Productive at Work
  • Improved Relationships

Downside (Con’s)

  • Your Credit Rating May Be Affected (although your rating is already injured if you've stopped paying your bills, it can be improved sooner with some effort on your part)
  • Some Other People Will Find Out About Your Financial Issues (bankruptcy names and addresses are bulk published once a week in about 6 Nebraska newspapers)
  • Higher Interest Rates on Future Loans (lasts for 7 to 10 years, unless you establish a good relationship with a lender – ask about this free How-To Report)
  • Some People Feel a Short-Term Sense of Guilt (many are brought up with a belief that "everyone should pay their bills."  Unfortunately, as you know, some people, because of life circumstances, can't pay their bills.)

If the “Pro’s” outweigh the “Con’s” for you, call us now to discuss a plan for a fresh financial start.  Stop constantly worrying and stressing about unpaid bills!