Top 10 signs it may be time to consider bankruptcy

Written by: leonora  |  Published on: March 12th, 2010  |  Category: Blog
  1. You are having trouble sleeping due to financial troubles, especially worries over debt.
  2. You are borrowing from one credit card to pay another card.
  3. You are about to withdraw money from 401(k) to repay debt.
  4. Your wages are about to be or are being garnished.
  5. The calls from creditors are relentless.
  6. You are unable to save money for retirement or emergency fund and depleting your savings paying credit card debts without making any headway in the balances.
  7. You are not likely to repay your current debt within the next 5 years.
  8. Your credit is already very bad and you would like to see it improve, but don’t have the funds to repay credit card/collection debt.
  9. You had surgery/emergency medical procedure and now that you recovered you are stuck with a huge medical bill you will not be able to repay.
  10. You have stopped using your credit cards a long time ago and have been paying monthly payments, but just cannot make a dent.

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