Tue, 08/06/2013 – 14:41

#1

At what point do you start considering bankruptcy?

It seems everyone has their own personal thoughts/views on the topic of bankruptcy. Some seem to think it’s downright awful, irresponsible, and think if someone has to file bankruptcy or ditches their bills they are dirtbags. Then you often read or hear about these millionaires and businesses who use it as a tool to dare I say “profit” from. I’m buried in credit card debt. I’ve yet to miss a payment but now that I have no income I’m starting to wonder if I’m being foolish spending the last of my cash savings to keep a credit account in good standing. When do you say enough is enough and start looking into bankruptcy?