Is Declaring Bankruptcy an Ethical Decision?

Most people want to be honest, reliable and trustworthy when it comes to financial matters and would prefer to pay than bills whenever possible. Life sometimes has a way of being unpredictable, however, and comes in the way of our plans. Medical emergencies can arise, loss of a job or a cut in pay, an unplanned divorce or some other unexpected event can change life in an instant and one can fall quickly behind on bills. In these circumstances, it is time to take a look at what the options are, and sometimes bankruptcy is the best option.

Warning Signs to Heed

If you are experiencing any of the following, you should seek legal advice and find out what solutions are available to gain debt relief:

• Creditors are calling at work or at home
• You are paying off credit cards with other credit cards
• You are having fights with your partner about money matters
• You are behind on rent or mortgage payments
• Your house is being foreclosed upon
• You have debts to the IRS and cannot pay them
• You are behind on car payments and repossession may occur
• You have trouble sleeping at night worrying about money
• Your debt keeps increasing and you feel like you will never break even
• One or more judgments have been filed against you

What is an Ethical Decision?

It is a known fact that financial difficulties are a major reason why many marriages end in divorce and this can add additional strain for all concerned. When seeking solutions to any problem, if the solution is of more benefit to more areas in life than harmful, then it is an ethical decision. When financial problems have gotten to a point where you are experiencing so much stress that it is affecting your health, your ability to sleep, your relationship with your spouse and children, choosing bankruptcy as a solution is an ethical decision for it can offer more benefit than harm.

Filing bankruptcy is like taking time out. It gives you some breathing room and time to reorganize so you can create a better future for yourself and family. If you are in the Irvine area and need help finding an ethical solution for your debt, you should consult with an Irvine bankruptcy attorney. At The Law Offices of Bruce C. Bridgman, we are experienced in helping individuals in the Orange County area with debt relief and bankruptcy and can advise you as to what the best option would be for your situation. Life will get better.

Contact an Irvine bankruptcy lawyer in our office for a free consultation and we will go over the details of your case.