The choice regarding whether or not to file for bankruptcy should be considered as a business decision and not an emotional one. Approach the decision just as a major corporation would – examine your assets, your liabilities, and your likelihood of being able to pay your bills in the near future. It is important to keep your emotions from affecting the rational analysis of your situation and your search for a realistic solution to your financial problems. During your examination, ask yourself the following questions:

  • Does the amount of your debt total more than 25% of your gross annual income?
  • Are you making only the minimum monthly payments on your credit cards?
  • Are you borrowing from one credit card to make payments on another?
  • Have you missed any payments?
  • Are creditors calling you?
  • Are you receiving collection letters from your creditors?
  • Are you behind in your car loan payments?
  • Are you behind in paying your mortgage or rent?
  • Are you being sued for failing to pay a debt?
  • Are your wages being garnished?
  • Is your bank account being seized?


If you answered yes to any of these questions, consider the option of filing for bankruptcy. Contact us today for a free consultation during which we will discuss your options – including bankruptcy.