Bankruptcy and Your Family

Financial problems are a common occurrence in today’s world. Nearly one and a half million Americans filed for personal bankruptcy in 2008, and more are expected for 2009. Frequently, familial tensions and strained relationships can accompany financial difficulties; however, there are ways for making this process easier for you and your family.

If you are battling creditors, or fear an impending financial crisis, contact the Austin bankruptcy lawyers of Slater Kennon & Jameson, LLP at 512-338-1100. Our experienced team of professionals is here to help you through this difficult process

Tips for Coping

Although bankruptcy can be a daunting process, it does not have to come between you and the ones you love. In order to help your family through these hard times, we have compiled a list of tips for coping with economic hardships.

• Keep your family updated about financial developments. Oftentimes family members are left in the dark about money issues, and when a problem arises, it comes as a shock. This type of deception can lead to resentment and frustration.
• Consult your family before making important financial decisions. If you need to liquidate your assets or change your lifestyle, take your family’s feelings into account. What property will be sold first? How can we cut back our spending? Letting everyone voice their thoughts and opinions will prevent feelings of isolation.
• Seek outside help through counseling. If your family is having an especially hard time coping with financial insecurities, consider seeking family counseling.

Contact Us

While these tips can help you with the bankruptcy process, the Austin bankruptcy lawyers of Slater Kennon & Jameson, LLP understand that there’s no easy way out of debt. If you are struggling to keep up with your finances, we can help. Contact us at 512-338-1100 today for a free initial consultation.