Filing bankruptcy is a decision that should not be made lightly. Whether or not you decide to file, the decision you make will have a profound effect on many aspects of your life in both the near and distant future. Therefore, your decision should be deliberate and informed. Determine your overall goals. Learn the basics of bankruptcy. And, consult with a bankruptcy attorney.

First, you must determine your goals. What is it that you want to accomplish; eliminate all your debts, save your home from foreclosure, keep a certain piece property, etc.? By determining or defining your goals, you develop a vision of what it is you want to accomplish. Once you know what it is you want to accomplish, you can plan and take steps that will help you accomplish your goals.

Second, you need to learn the basics of bankruptcy. My resource page lists several links to sites that provide general information on bankruptcy. Once you understand the basics of bankruptcy, ask yourself, “Can I achieve my goals without filing bankruptcy?” Generally, bankruptcy should be left as a last resort. It is quite possible your goals can be accomplished without having to file bankruptcy. This is where it is helpful to consult with a bankruptcy attorney. A bankruptcy attorney should be able to look at your circumstances in conjunction with your goals and advise you on your available options. Many of us offer free consultations so take advantage of it.

Finally, (as stated above) consult with a bankruptcy attorney. There are numerous factors that should be considered and weighed in your decision to file. A bankruptcy attorney can shed some light on those factors and help guide you through the decision making process. Keep in mind that no attorney should make the decision to file bankruptcy for you. At the end of the day, the decision to file bankruptcy is a personal one that you alone should make.