Should I File for Bankruptcy?

Should I File for Bankruptcy?You lost your job and were living on credit cards to make ends meet.  You suffer from medical bills.  You are separated/divorced from your spouse.  These are real life issues that have made you wonder whether to file for bankruptcy.  This is a very personal decision.Considering Bankruptcy ChecklistIf several of the following apply in your situation, you might consider bankruptcy:

• Your salary is garnished or your bank account is attached
• Most of your bills are credit card bills, hospital or doctor's bills, etc.
• Your bills is more than you could reasonably pay over three years
• Collection agencies are calling you at home and/or at work
• Your payments are more than 30 days behind 
• You are being sued by creditors
• You owe income taxes that you are currently unable to pay
• You have few assets
• You have little or no savings
• You have had property repossessed (such as a car)
• Your mortgage lender has threatened or started foreclosure proceedings against your home.

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