For many people in Texas and elsewhere, the decision to file for bankruptcy is anything but casual. Filers often wrestle with the decision for many months, vacillating on whether to take advantage of the legal remedies provided by this debt-relief option or to continue struggling to make material inroads on their debt.
Bankruptcy is associated with personal failure in the minds of many people. We acknowledged that in an article addressing bankruptcy filings posted some time ago on our website, noting that some debtors regard the bankruptcy option “as a last resort to … financial troubles and the coward’s way out.”
It is lamentable that some people think that way, because the truth is actually far different. Our above-cited article also notes that any stigma attached to bankruptcy “has lessened as it becomes more widespread and accepted.”
As with many other things in life, getting the facts goes far toward helping a debtor understand exactly what bankruptcy is, why it is available as a remedy, what it can and cannot do, and why increasingly more people have availed themselves of its protections in recent years.
Any individual with questions or concerns regarding bankruptcy might reasonably wish to consult with a proven debt-relief attorney commanding strong experience in helping people file for bankruptcy.
The reasons why are many. A practicing attorney in the bankruptcy field has spent long years studying the craft. An attorney representing clients in debt-relief matters is also regulated by a state legal authority and, unlike debt-relief companies generally, has a fiduciary duty to promote the best interests of a client at all times.
And this final point, too, is important and can go far toward nurturing a client’s confidence: Communications exchanged in an attorney-client relationship are confidential.