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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  FAQs  >  How do I know it’s time to file for bankruptcy?

How do I know it’s time to file for bankruptcy?

Financial distress is extremely hard to face for many people, but millions of Americans struggle with their finances every year. If you are unsure whether your debt has become too burdensome and if it might be time to file for bankruptcy, it’s important to closely evaluate your financial state. You may want to consider filing for bankruptcy if you:

  • Have ongoing and mounting debts month to month
  • Are being harassed by creditors on a regular basis
  • Suffering physically and emotionally because of your debt
  • Have no foreseeable way to repay debts

Bankruptcy can be a valid option for those who are tired of having excessive debt and are ready to regain financial independence. If you or someone you know is facing a financial crisis and is considering filing for bankruptcy, contact an experienced Cedar Rapids bankruptcy attorney of Hong Law, PLC, today by calling (319) 294-5853.

Iowa City and Coralville Office Location: 845 Quarry Rd #130
Coralville, IA 52241
Phone: (319) 354-1804
Map to our Coralville Office