Bankruptcy: Face reality and start fresh

Wednesday, 31 December 2008 13:32 Atty. Raymond Bulaon

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THE decision to file bankruptcy is not an easy one, but sometimes it’s the decision that could change your life for the better. When you are seriously in debt and have no other way out, not doing something about your situation only guarantees that your problems will get worse through your inaction. If you were physically sick and needed medical attention, I am sure you would go see a doctor. If you were financially sick, you also need to get relief so that you can recover. Don’t wait until your situation becomes a financial emergency that threatens the welfare of your family. Things don’t have to go from bad to worse, unless you let them.

All too often, even when people are in danger of losing their home through foreclosure, their car about to be repossessed, are about to be sued or their wages garnished, they still do not want to think about filing for bankruptcy. What I find, however, is that people are simply misinformed about the process. Once they see a bankruptcy lawyer who explains to them their legal options and the ramifications of not acting soon to protect their property and their legal rights, they begin to understand that the law is actually on their side and that there is a remedy for their problem. If you are considering bankruptcy at this time in order to get out of debt, a careful analysis of your situation by an experienced and bankruptcy attorney may be just what you need so that you can determine if filing for bankruptcy is your best option.

The right to file bankruptcy is an important tool that the law has provided to people who have serious debt problems. lot of people, however, don’t realize the seriousness of their situation until they get sued by creditors and face the risk of losing their home or other assets. Of course, bankruptcy is not a magical cure for all of life’s problems, but it provides immediate protection to individuals who are in danger of losing everything that is important to them.

As I write this article, we are about to face a new year. To a lot of people, the year 2008 was their most difficult year, financially speaking, considering all the problems that we are now seeing around us. The future seems uncertain to many and a lot of people are in the depths of financial despair. My advice to you is to stop pretending that your problems do not exist and instead, act to do something about them. I am not just talking about filing for bankruptcy. If you have a solution other than bankruptcy, do it now and stop procrastinating.

If you are determined to face reality and deal with your problems head-on, you may find that the year 2009 could be a much better year for you. Once you accept the reality of your circumstances, the focus should now be on finding a solution, nothing else. Do not dwell on the past and all its mistakes. Like most problems in life, whatever you are currently facing will soon pass, and it’s not the end of the world. And if you ever decide that filing for bankruptcy is simply unavoidable, remember that laws are designed to help you recover financially so that you can restore yourself to a better quality of life and have a better financial future for yourself and your family.For a free attorney consultation regarding how you can get out of debt with or without filing for bankruptcy, call

Toll-Free 1-866-477-7772 to schedule an appointment. We have offices in Glendale, Cerritos and West Covina.

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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped over 4,000 clients in getting out of debt. For a free attorney evaluation of your situation, please call Ray Bulaon Law Offices at TOLL FREE 1-866-477-7772. (Advertising Supplement)

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( Published on December 31, 2008 Asian Journal Los Angeles p. B2 )