Take this simple test:
- Do you ever use
one form of credit, such as a line of credit or debt-consolidation
loan, to make payments on other debt?
- Have you taken
one or more cash advances greater than $500 in the past few
months?
- Do you ever
borrow to meet regular expenses, such as food and utility bills?
- Can you barely
make the minimum required payment on bills?
- Are you so far
behind on credit payments that you are being pursued by collection
agencies?
- Are your
financial problems impacting your health or relationships?
- Have you or your
spouse recently been laid off or lost your job?
- Have you recently
been through a divorce or expect to go through one soon?
- Do you spend more
than one-third of your take-home pay on housing?
- Do you spend more
than one-quarter of your take-home pay on your total
transportation needs (car payment, car insurance, repairs and
gas)?
- Do you owe two
months salary or more on your credit cards?
- Are you using
one-quarter or more of your take-home income to pay credit card
bills and personal loans (excluding mortgage payments)?
- Are your
revolving credit cards charged to the limit?
- Have you bounced
more than one check in the past year?
- Are you without
any savings?
- Are you behind on
house or auto payments?
- Are your
creditors threatening to take your car, house, or other property?
- Are you behind on
your taxes or owe the IRS?
- Are your
creditors threatening to garnish your
wages?
If you answered "yes" to one or more of the preceding
questions, you are experiencing warning signs that indicate you may
need to file for Chapter 7 or Chapter 13 bankruptcy. Call our
bankruptcy hotline at 1-800-461-3188 to schedule a FREE
Consultation.
The Law Office of Douglas L. Barrett, LLC
is designated as a Federal Debt Relief Agency by an Act of Congress
and the President of the United States. We are proud
to assist good people in bad situations file for protection
under U.S. Bankruptcy
Code | 
