The phrase “Let’s put the fun back into dysfunctional!” has become famous over the years. It can be found on coffee mugs, bumper stickers, magnets and more. The one place it can’t be found is your finances, especially if you are going through a bankruptcy. Since the Great Recession hit a few years ago, many people who thought the big b-word could never happen to them have had to file for personal bankruptcy.
Even businesses that appeared rock-solid, from mega retailers to mom and pop stores, have had to file for bankruptcy protection during these times of financial meltdowns. Banks and lending institutions that previously provided loans have experienced fiscal woes of their own, crippling manufacturers and retailers alike in their ability to refinance and obtain credit in order to continue production and sales.
The good news: bankruptcy filings have gone down. The bad news: they’ve gone down from recent record highs. The record high number of bankruptcy filings was not an isolated event. It happened all across the country, in small towns and big cities alike. Mankato, Minnesota, a community that’s received lots of praise on the national level, was just as financially rocked as the communities that surround it.
Many who face a potential bankruptcy cringe at the thought of having a spotlight cast upon their financial troubles. To protect assets however, one must fully disclose all financial information to their bankruptcy lawyer when filing for bankruptcy. Bankruptcy attorneys are there to help, not to judge those filing to seek financial protection. Whether you need to file a Chapter 7, Chapter 11 or Chapter 13 bankruptcy, your bankruptcy lawyer is going to need all pertinent financial records so they can help you protect your assets. With their professional assistance your dysfunctional finances can receive renewal, giving you a fresh start and a way back to being in control of fully functioning finances.
Typically, Mankato likes to “rock it” in the music scene. Rolling Stone magazine recently shone a light on Mankato, Minnesota’s music scene and ranked Mankato among the top 50 college towns for its vibrant music scene. Many would agree that it’s fun to “rock on” in life but being “on the rocks” financially and facing bankruptcy is no fun in any sense of the word. If you find yourself helplessly staring at a financial crisis with no apparent way to work it through, contact us and let us provide you with “rock solid” and professional support if a bankruptcy is required.