Top 7 Warning Signs You Need to Consider For Filing Bankruptcy
Filing for bankruptcy is usually one of the last things people do when they want to get rid of financial troubles. But bankruptcy is a complex legal process to deal with for general people. What criteria determine whether or not you should file for bankruptcy? There are some warning signs that it may be time to consider filing for bankruptcy. Let’s have a look at those signs! When to Consider Filing for Bankruptcy? Knowing when to consider bankruptcy filing can make a big difference. Some factors might be pointing you toward it, and you have to look a bit deeper to decide whether bankruptcy chapter 7 or bankruptcy chapter 13 is right for you. 1. You are Facing Foreclosure If you are dealing with foreclosure, this is the first sign that you may need to file bankruptcy. Foreclosure means you’ve fallen behind on your mortgage payments and are unlikely to be able to catch up. A foreclosure attorney is the person to help you with it. He’ll examine your situation and advise you on the be