07 Dec 2016

5 Signs You Should Consider Filing for Bankruptcy

Filing for bankruptcy can be a scary thought. However, many report that it saved them, gave them a fresh start and relieved their stress. If you’re at a crossroads and considering bankruptcy, it’s important to recognize the warning signs.

Here are 5 signs you should consider filing for bankruptcy:

Are You Living Paycheck to Paycheck While Only Paying Minimum Payments?

At some point it’s important that you are honest with yourself about the old blood from a turnip logic. If you already spend every penny on bills and necessities and there is nothing extra, how will you ever get out from under it without bankruptcy? If you are honestly still spending money on luxuries and frivolous things, putting that money towards your high-interest balances could help avoid bankruptcy. Perhaps a second job would be another option, but will you have the discipline to spend that extra money solely on debt?

Are You Behind on Your Mortgage?

If there’s a possibility you could lose your home you definitely have to do something soon. Depending on how far behind you are on your mortgage, this is another situation where things have gotten too far to hope for some other solution. Unless you win the lottery, how will you save your house? Besides a place to live, imagine what else you would be losing. Your home is a valuable asset and investment that you want to hold on to at all costs.

Read the other half of this article on Start Fresh Today Bankruptcy Blog here: http://bit.ly/2gaUAmR

Need Advice? Get a Phone Consultation!

Contact us today