subject: Best Financial Recovery For You [print this page] Best Financial Recovery For You Best Financial Recovery For You
Word from the Philadelphia bankruptcy attorney community is that the recession is continuing. Not that your average Philadelphia bankruptcy attorney is an economist, but they do know how to count, and the number of clients seeking help to reorganize their finances is growing with each month. Most every Philadelphia bankruptcy attorney is seeing double digit growth in their business. Though the attorneys are probably happy to see an increase in business, it does not come without a human toll. Many attorneys are working with not only strangers but neighbors, friends and relatives. No matter if the person is stranger or friend, most come into the offices and are ignorant of the process for reorganizing their finances. In fact, many people have taken such a hands off approach to their money over the years that they do not know how much money or assets they do own. Instead of treating financial health like physical health, many have neglected it. Sometimes it is too late to bring financial health back from the brink, and often the attorney has the sad task of advising their hopeful client of the critical status of their personal economy. The real lesson here is not to wait until things are too late to help, because there is no magic pill to help your finances. It is an ongoing project. So now you need an attorney. First check with relatives and friends. It might surprise you to learn that many people close to you have had to reorganize their finances. It is not often something people brag about, but it is an ever increasing number of people that have to work with a professional to help their finances. Once you have retained an attorney, your advice might be to file a Chapter 7 or Chapter 13 consumer bankruptcy. Chapter 7 will have you selling your assets and repaying those you owe. Chapter 13 will have you setting up a schedule to repay your creditors and keeping some assets. In some cases, your attorney may advise you to keep your actions outside the court and public view and work out a private repayment plan. You may have to get a second job, sell some toys or get on a strict budget. Or all of the above. Your time with an attorney can be the best time spent on the road to a better financial future.
