When you are down and out on your financial luck and experiencing extreme financial difficulties, then perhaps you should consider scheduling a meeting with a San Francisco bankruptcy lawyer. If you decide to meet with a San Francisco bankruptcy lawyer then he or she can help you review all of your options. While your San Francisco bankruptcy lawyer can present you with all of the information that you need in order to make an informed decision, only you can make the final decision of whether or not to seek personal bankruptcy protection.
Prior to making your decision, there are many factors or variables that you should consider. These factors can be summed up into three major categories, pre-bankruptcy, during bankruptcy and post bankruptcy phases. You must consider the quality of your life during each of those phases.
Being realistic in your approach is certainly important. It is improbable that your luxurious pre bankruptcy life will match your post bankruptcy lifestyle, at least not right away, and certainly not without hard work. You may consider your quality of life to be inadequate during your bankruptcy proceedings but just know that your post bankruptcy life will be an uphill battle. You will have to be extremely dedicated to proving yourself to potential lenders. They will be looking to see if you can handle the responsibility of repaying any debt that you accrue. You have to be prepared for the fact that immediately after your bankruptcy filing, you will be seen as somewhat of a financial risk.
If you want to increase your chances of being successful in your bankruptcy recovery process, you will need to have a concrete plan in place.
You should know what to expect and how to deal with any potential obstacles or challenges that may surface during or after your bankruptcy.