Filing Personal Bankruptcy - 10 Signs That You May Want To Consider Filing Bankruptcy

Filing Personal Bankruptcy - 10 Signs That You May Want To Consider Filing Bankruptcy

If you are in a position where you feel that you have more debt than you can realistically manage, then you might take some comfort from the fact that you are certainly no alone. In fact, debt is something of a plague in the United States at the moment.

This is largely because the credit card has meant that for decades, Americans spend money they do not have without even thinking about it! This is leading to increasing levels of debt.

Naturally, few people would really want to think about filing personal bankruptcy and yes, while it is admittedly a bit decision with life changing consequences, for some people it is a viable means, in fact the only means, of resolving their debt problems. However, not everyone realizes just how serious their debt problems are.

Here are ten good signs, however, that you are in over your head and might want to consider filing personal bankruptcy after seeking advice.

- You fight at least daily with your partner about finances.

- You are kept awake at night worrying about finances.

- You are too scared to answer the phone for fear of creditors calling.

- You have taken cash from one credit card just to pay off another.

- You are experiencing and ignoring medical symptoms because you cannot afford the co-Py on your medical insurance policy.

- You find yourself more regularly turning to friends and family for small loans for necessities such as groceries and accounts past due.

- You are struggling to meet the monthly minimum on your credit card.

- You avoid preventative medical treatments simply because you cannot afford to buy them.

- You have had to use a credit card for gas or groceries as you have no cash.

- You find yourself in a position where you're forced to sell or pawn your valuable.

Filing personal bankruptcy is a very difficult and big decision to make. You should consult with a lawyer to know your rights as well as other financial options before declaring bankruptcy.

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