When Should You Consider...

Avatar for cmkristy
iVillage Member
Registered: 07-05-2005
When Should You Consider...
Thu, 10-24-2013 - 12:45pm

... filing bankruptcy?

If you’re like most people, when you borrow money, you have every intention of paying it back. But then something happens; perhaps you lose your job or your hours get cut, your small business slows down, you get sick or you have to stay home to care for your children or an elderly parent. Whatever the reason, you find yourself unable to keep up with your payments.

When you find yourself struggling with debt, you’re no doubt searching for solutions. But the one you avoid — bankruptcy — may be the one you need the most. Here are four signs you should consider bankruptcy.

http://money.msn.com/debt-management/when-should-you-consider-bankruptcy

What do you think of the article?  Do they make good points about when bankruptcy should be considered?

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