Top 10 signs it may be time to consider bankruptcy
Written by: leonora | Published on: March 12th, 2010 | Category: Blog
- You are having trouble sleeping due to financial troubles, especially worries over debt.
- You are borrowing from one credit card to pay another card.
- You are about to withdraw money from 401(k) to repay debt.
- Your wages are about to be or are being garnished.
- The calls from creditors are relentless.
- 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.
- You are not likely to repay your current debt within the next 5 years.
- 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.
- 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.
- 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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