Emotions get invariably tangled up with the dispassionate process of bankruptcy. First comes denial, followed by a wait and see period, concluding with acceptance of a cold reality. Each financial situation is unique. Common to all is the need for legal guidance to make the decision to file now or wait.
Attorney Jeff Pruitt feels that, “bankruptcies are going to be the trend for a couple more years,” in this area based on the record number of cases going to court in Atlanta and Gainesville. His advice to clients considering bankruptcy is two-fold: be realistic by not basing decisions on what may happen in six months and understand the time investment needed to complete the paperwork.
Read the rest of the article at Gwinnett Business Journal
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