If you've been told that you can't file for bankruptcy, that's false. You can, because it was an option built into our laws by the Founding Fathers; as a protection for citizens from life destroying creditors. They eliminated the old debtor's prisons. Let's not resurrect them for ourselves by assuming that bankruptcy is not an option.

Do we learn in High School how to handle credit? Do we even learn it from our parents? Mostly we don't. We're on our own, and sometimes we get in over our heads. Ok, we made a mistake, or circumstances jostled us into an impossible financial position. There is a way out and at the law office of Billy D. Price we can help you find it.

What you need is a fresh start and a chance to handle your financial life differently. Bankruptcy offers you that. Perhaps you owe back taxes; perhaps you're threatened with foreclosure on you home; perhaps your paycheck doesn't come soon enough and you have payday loans that are taking all of your money.

You can make life better by letting go of old qualms about filing for bankruptcy. You won't be a worse person in anybody's eyes for doing it. Look at all the huge companies that have declared bankruptcy: MCI, Linen - N- Things and United Airlines, for example. It's a way of organizing your financial life such that you can make affordable payments on some of your debts, and have all the rest wiped from the slate.

So be kind to yourself, and look to your future. Throw off any old ideas of "being ruined", and allow yourself, to have a new start. Contact us today for a free initial consultation. We can help you through this difficult time.

Are you drowning in debts? Do you recoil at the idea of declaring personal bankruptcy? Many of us were raised in another era of American life, when credit card offers didn't arrive in the mail daily. We or our parents probably had credit down at the grocery store, but in those days they didn't even make wallets with spaces for two dozen credit cards.

In those days too, downsizing hadn't yet been invented. Jobs tended to be stable over decades instead of over months or single years, as we experience it now. When we get laid off suddenly, or demoted as part of our employer's cost-saving measures, the ramifications in our private financial life can be disastrous.

If you feel that you're being smothered by bills that you can't pay, for whatever reason, don't feel bad about considering bankruptcy.

Several factors should be evaluated when deciding whether to file for chapter 7 or chapter 13 bankruptcy. If you have received notice of home foreclosure, or if you car is about to be repossessed, quick action by a qualified bankruptcy attorney can help you save your assets:

• Is you home being foreclosed or is your car about to repossessed?
• Do credit cards or medical bills have you so deep in debt that it is hard for you to save for the future?
• Is your wages being garnished by the IRS?
• Are bill collectors harassing you night and day?

If you are experiencing any of these circumstances then a bankruptcy may be right for you.

Filing for bankruptcy is a process that is designed to help clients hold onto their personal assets while achieving relief from creditors. In most cases, clients are able to hold onto personal belongings such as their house, car, retirement funds, and personal items in the house. State exemption laws are written to protect you property.