It can be difficult to know when to categorize your debts and unmanageable and decide to file for bankruptcy. Most people resort to bankruptcy as a final option after years of struggling with debt. If you notice one or more of the following five signs, then it might be time to consider filing for bankruptcy with the help of an attorney.
1. You consistently miss bill payments
It is common to miss a monthly bill payment when an unexpected expense comes up. For those facing unmanagble debts, missed bill payments become a consistent problem. Many debtors must choose which bill is the most important when they do not have enough income to cover all living expenses. If you are consistently unable to pay for important monthly bills, you should consider if bankruptcy is the right option for you.