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How Do I Know It’s Time to File for Bankruptcy?

Published on November 30th, 2020

Sometimes, a person’s tight financial circumstances can be addressed with budgeting, getting a new job, or working out a payment plan. When these options are no longer viable, the weight of debt is too extreme to bear, and creditors are constantly calling to harass you—it is time to consider bankruptcy as an option. 

At the Crosby Law Firm, home to the best Rockford bankruptcy lawyers, we work to help our clients make the right decision on how they can handle their debt. Here are some of the factors that often weigh in on this decision.


  • Do you know how much you owe? Some bankruptcy candidates struggle to put a number on their debt because they have given up tracking it altogether. This is sometimes the case when a person feels overwhelmed by their debt.


  • Have you considered debt consolidation? Debt consolidation is an option many consider before turning to bankruptcy. There are pros and cons to both; working with the best Rockford bankruptcy lawyers can help clarify your questions.


  • Are you facing frequent creditor harassment? Many people facing extreme debt find that threatening messages from their creditors adds extra pressure that makes it hard to get back on track. Filing for bankruptcy can stop these messages immediately.


  • Are you using credit cards to pay for essentials? If you’re buying household essentials such as groceries on credit that you can’t pay back, this may be a sign that your debt has become insurmountable.


  • Do you feel overwhelmed by your financial situation? Have you tried to get things on track—more than once—and failed to do so? Do you feel like you have no more options left to try? This may indicate a need for legal assistance through bankruptcy filings.

Hire the Best Rockford Bankruptcy Lawyer

If your financial situation has become so dire that you don’t know where else to turn, reach out to the Crosby Law Firm today for help. We are dedicated to helping our clients out of difficult situations, and it all begins with a free case evaluation. Sign up today to get started!

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Very thorough and professional. Staff is detail oriented, kind and compassionate. Handled my case quickly, saving me thousands of dollars. 10/10 would definitely hire again.

Denny Sanders


Client Testimonials

The Crosby Law Firm, specifically Danielle Burza- Smith helped me with my landlord and estate planning issues. Danielle explained everything really well! Would definitely recommend!

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Really good firm !!! Everyone there has made me feel welcome and when talking to attorney I feel like I’m talking to a friend. Staff is polite and very accommodating not to mention they always answer all of my questions and have never made me feel degraded because I don’t understand legal lingo like another firm did to me. Highly recommended !!!

Nicole Almond


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I didn’t have to wait long to be seen. The staff was very friendly. I’m confident that they can handle my problem.

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