bankruptcy timing

October 19th, 2005 by Questions

If you realize that you cannot ever get out of your current financial difficulties by continuing to pay the minimum amount. Each month you pay the minimum it gets harder and harder to keep up and you are slowly beginning to fall behind ….when should you declare bankrutcy? Should you wait until you are 3-4 months behind in everything or ask for help now when you are a half a month behind on a couple of things? If I chose to do nothing and put up with collection agencies harassment how long would it be before the court to take my things .


One Response to “bankruptcy timing”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

One you know that you have recognized that you are inevitably going to have to do something to intervene with the existing problems it is always better to act then to wait. Often when people recognize the difficulties and are proactive it is much easier to find ways to avoid a bankruptcy. I recommend you contact a trustee in your local area and perhaps you may be eligible to offer a proposal and be able to avoid a bankruptcy.

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