should I decide whether to file bankruptcy?
There is no specific amount of debt which you must have
in order to file bankruptcy. Ordinary people filing bankruptcy
often average between $8,000 and $12,000 in debts, not
counting house mortgages and sometimes car debts. However,
people also file bankruptcy with less debt, and some people
manage not to file bankruptcy with larger debts.
to bankruptcy when creditor harassment becomes unbearable,
when their house is about to be foreclosed or car repossessed,
when lawsuits or wage garnishments are threatening, or when
debt payments so overwhelm their income that they cannot
properly feed and clothe themselves or their families. By
filing bankruptcy, they can achieve a fresh financial start in
their lives. If you feel that bankruptcy will be useful or
will shortly become inevitable, filing your bankruptcy
creditors are actually taking you to court, garnisheeing your
wages, or starting foreclosure will help you by allowing time
for better bankruptcy planning and preparation.