Financial problems aren’t usually linear. There might be a single event that launches someone into financial distress, but usually it’s a mix of things. Most people experience a few weeks or months or ups and downs when they aren’t sure if they need to speak to Chapter 13 attorneys in St. Petersburg FL.
How do you know it’s time?
Are You Getting Frequent Calls from Debt Collectors?
Debt collectors are usually aggressive, so your financial situation might not be that bad if you’re getting calls. Send in your cell phone payment a few days late and you’ll likely hear from them every day until they get the payment. But this is no reason to contact Chapter 13 attorneys in St. Petersburg FL.
Serious financial problems – ones where you get several calls a day from several debt collectors over the course of several weeks or months – is a good reason to at least reach out to a bankruptcy attorney to see what they can offer.
Have You Been Notified of Legal Action?
If you’ve received notification of legal action against you related to debt, contacting an attorney is a good idea. This means a debt is seriously delinquent and the debt collectors are taking things seriously. An attorney can help you respond to the lawsuit and minimize the damage.
Are You at Risk of Foreclosure?
Losing your home to foreclosure is one of the most devastating things that can occur in someone’s life. Chapter 13 attorneys in St. Petersburg FL can help you avoid foreclosure. However, there’s a limited amount of time where a home can be saved, so if you suspect foreclosure is coming, contact an attorney as soon as possible.
Is There No End in Sight Regarding Your Financial Woes?
If you’re experiencing financial problems and there’s no end in sight, reaching out to a bankruptcy attorney is a smart idea.