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

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Home  >  Marion  >  Knowing When to File

Knowing When to File

Many thousands of Americans are facing financial difficulty, especially with the current economic situation. Such difficulties can easily become overwhelming and you are likely looking for options that will help you escape your debt. Bankruptcy is one option that many Americans have turned to in order to eliminate their debts; however, it is not always the best option for all debtors. As such, knowing when to file for bankruptcy is critical to helping you make a decision for how to best address your debts.

Fortunately, at Hong Law, PLC, we are prepared to help anyone in Marion facing financial problems find out whether filing for bankruptcy is the option for them. By going over your financial situation and learning when it is best to file for bankruptcy, you can feel as if you are getting your finances under control.

Some Reasons to File

Filing for bankruptcy is an important decision that many people have to make, but one that is difficult, especially if you are unsure bankruptcy is right for you. If the following conditions apply to you and your situation, however, bankruptcy might be a viable financial option for you:

  • You can no longer pay monthly bills
  • You can sometimes pay bills but never on time
  • You are being harassed by creditors
  • You might lose your home or other assets

Any of these situations could be devastating to face, but bankruptcy can sometimes offer debtors the option of getting out of debt and getting back on their financial feet.

Contact a Bankruptcy Lawyer in Marion

It may be hard, initially, to know if filing for bankruptcy is the right decision for you, but speaking with the legal team at Hong Law, PLC, can help you determine if this is the step you should take. Call (319) 632-1400 to discuss your finances and work with us to figure out what is the best option for alleviating your debts.


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