Reasons to File for Bankruptcy

June 28, 2012 by  Filed under: Bankruptcy 

Every day, we hear peoples’ reasons for filing for bankruptcy. There are many reasons someone might seek out the services of a bankruptcy attorney, but all of them point back to one common problem: financial woes. And, if you’re reading this, you probably know these aren’t any small financial woes, either.

Bankruptcy can be a painful process, but it can be a healing one, too. It can be a process that excites you by opening up a life full of new prospects. If you are considering filing for bankruptcy, you might be persuaded to do so when you hear about a few of the reasons many people in tough financial circumstances choose to seek relief.

Keep Your Home

If you’re struggling with your mortgage, but still have income of some kind, you can file for bankruptcy and avoid being foreclosed on! Under chapter 13 bankruptcy, you can work with a bankruptcy attorney to develop a plan that allows you to restructure your debts in a way that makes them more feasible to pay off.

As soon as you petition for chapter 13 bankruptcy, your home can’t be foreclosed on. Instead, you now have the opportunity to work out a new way of staying current with your mortgage. This can be a great option for many homeowners. If you are already thinking about filing for bankruptcy, the knowledge that your home will stay safe might be all you need to become convinced that chapter 13 is right for you.

Keep the Lights On

Sadly, there are many people in this country who struggle to keep the power on. In the summer and winter months this can be extremely dangerous, especially for the young, old, and sick. If you’ve recently lost power, or you’re afraid that might be the reality you soon face, you’ll be interested to know that you can keep the lights on by filing for bankruptcy.

While you will pay a security deposit on the new account, you have the guarantee that the lights will be on. Also, you can rest assured that you aren’t receiving bare bones utility service. Typically, the utility company will average the last twelve months of your usage, and provide you with about that much service every single month.


If you’re facing either of these tough realities, contact a bankruptcy attorney today who can help you file for bankruptcy to avoid these nightmares. Sometimes, filing for bankruptcy is the best way to protect your family and give them the life they deserve.

The Lee Law Firm is a Dallas,Texas bankruptcy firm that aims to provide local residents with high quality legal representation at affordable rates. Their attorneys are professional and compassionate, giving clients the personalized attention they deserve. When filing bankruptcy, the Lee Law Firm is the right choice to help in the face of financial hardship.

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