Bankruptcy Attorneys in Canton

Steps to take to relieve your debt

If you find yourself saddled by debt, or if you worry that your debt is growing to unmanageable levels, you may be able to manage that debt and avoid filing for bankruptcy. Here are some simple steps provided by our bankruptcy law firm that you can follow to take back control of your finances:

Compile your debts. First and foremost, you need to get a realistic idea of how much debt you have. Open all credit card statements and other bills for which your payments are delinquent. Calculate the total amount that you owe so you will be able to outline an appropriate debt elimination strategy and accurately estimate how long it will take to pay off all debts.
Determine what you can afford to pay on a monthly basis. Next, calculate your total monthly living expenses, including housing, utilities, food, transportation, and insurances. Subtract that figure from your monthly income, and put the difference toward repayment of your debts.
Be conscious of spending. Examine your spending habits, and attempt to cut back on or eliminate non-essentials, such as shopping, dining out, vacations, and other indulgences. Use coupons whenever possible. Cover only the necessities, and put the savings toward your debt.
Ditch the credit cards. Use cash whenever possible. Continuing to use credit cards will only add to your overall debt, whether you use a card you already have or apply for a new line of credit. Retain one card for items you absolutely must charge, and keep its payments up to date.
Try to earn some extra money. Take a part-time job if your schedule allows it or start a side business. Host a garage sale or sell some of your non-essential assets on eBay, and use the earnings to pay off some of your debt. Depending on the extent of your debt, consider selling your car or moving into a smaller or cheaper residence.
Increase your monthly payments. Pay more than the minimum payment every month if you are able to do so. Try to pay off as much as you can afford every month.

Get help if bankruptcy is your only option

If you have taken measures to become more financially responsible, but still are unable to gain control of your debt, it may be time to consider filing bankruptcy. With the help of a Canton bankruptcy attorney, declaring bankruptcy whether it be a business bankruptcy or personal bankruptcy, can offer you a fresh start by absolving your debts or formulating a more feasible payment plan over a longer period of time. Consult with a bankruptcy lawyer in Canton to review your options.

Take control. Get relief. Contact us.

Bankruptcy may not be for everyone, but it is one way to gain a fresh start in life. We work hard to bring you the best legal representation in debt relief matters. You can call us at either office location of Woodstock, Georgia at 678-925-3510 or Alpharetta, Georgia at 678-925-3551. You can also contact us online and put our experience to work for you.

Serving Woodstock, Roswell, Alpharetta, Canton, Fulton, Acworth, Kennesaw, Cumming, Fulton County, Forsyth County, and Cherokee County, Georgia.