There are a handful of tell-tale signs that may indicate that bankruptcy is the right course of action for you.
- You earn less than what you spend each month
- You pay on your credit cards but cannot seem to pay them down
- Your credit card limit is maxed out or nearly maxed out on a consistent basis
- Your credit is shot due to bad credit repayment history
- You miss paying your payments from time to time or are late consistently
- You are forced to take cash advances
- The bills and high debt payments are causing serious troubles in your marriage
- You are unable to obtain new credit due to past credit issues
- You have virtually no safety net (savings set aside)
- Creditors are harassing you
- You have lost a job and have little chance of becoming employed anytime soon
- You believe bankruptcy may be the best way for you to recover financially
Are you ready for bankruptcy?
Some consumers are overloaded with credit card debt. Some have lost a job and are facing mounting bills they cannot pay. Others are unable to meet their mortgage payment.
The preceding are signs that may indicate that you should meet with one of our bankruptcy attorneys to discuss a chapter 7 bankruptcy or chapter 13 bankruptcy.