Thursday, March 31, 2016

When is it time to file bankruptcy?

"Let me tell you about the law of holes: If you find yourself in a hole, stop digging." The part after the colon in that version has also been attributed to American humorist Will Rogers.
Image courtesy of Becris at

If you are asking yourself this question, then it is probably now. If not now, probably soon. This is a recurring theme on many bankruptcy blogs but people wait way too long before they file for bankruptcy protection. A person does not need to wait for his car to be reposed ... or her bank account to be garnish ... or have the county sheriff come to his house to levy on his TV ... or even spend down her retirement account. If that is happening, the debtor has probably waited too long. With a well planned bankruptcy filing, all these event could be stopped.

If you want assistance, legal representation, or just want to know more about Mark Medvesky or our firm of Wells, Hoffman, Holloway & Medvesky LLP, check out our website at

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