If you are wondering, “Should I file bankruptcy?” consider these questions:
- Are you receiving calls by collection agencies?
- Do you spend more than a quarter of your take-home pay on your automobile?
- Do you owe more than two month’s salary on credit cards?
- Are financial problems affecting your relationships or your health?
- Do you have unpaid medical bills?
- Have you or your spouse lost a job?
- Are you recently divorced?
- Do you spend more than a third of your take home pay on rent or mortgage?
- Have you used one form of credit to make a payment to another creditor?
- Do you use credit cards to pay for groceries or utilities?
- Do you only make the minimum required payment on bills?
- Are your credit cards charged to the limit?
- Have you bounced more than one check in the past year?
- Are you behind on a house or car payment?
- Do you owe back-taxes?
- Are creditors threatening to garnish your wages?
If you answered “yes” to one or more of the these questions, consider it a warning sign that you may need help from a bankruptcy attorney.
