You may consider bankruptcy if your current situation includes: 

  • A creditor threatening foreclosure
  • You are facing a repossession
  • You are facing or experiencing a wage garnishment
  • If your unpaid debt and missed monthly payments are causing irrevocable damage to your credit report
  • If the total amount of unpaid bills is too great to consider ever repaying them
  • A creditor is threatening a lawsuit against you
  • Creditors are harassing you with phone calls and communication to collect a debt.