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What are the warning signs that I need to file for bankruptcy relief?

Posted on Feb 19, 2009 in Bankruptcy

How do I know I need to file bankruptcy?

Here are some of the warning signs:

  • You can’t pay your debts as they come due – credit cards, medical bills, personal injury claims or other big debts
  • Your wages are being garnished
  • Your bank accounts have been frozen by creditors
  • You have suffered a judgment which you can’t pay
  • Liens have been filed against your home or other property
  • You have been called into court after a judgment for a citation to discover assets by a creditor with a judgment against you.
  • You have been notified that you are in default of your mortgage and facing foreclosure
  • You have been having difficulty with the Internal Revenue Service or state tax authorities
  • Creditors or debt collectors are calling you at home or work.
  • Your car has been repossessed and you can’t afford to pay the balance
  • Your house has been foreclosed and you are facing a large deficiency judgment
  • You can no longer make minimum monthly installments on your credit cards
  • Your credit card companies have raised the interest rate on your cards to an unaffordable level.
  • You are being sued and can’t afford to defend yourself in court.
  • Your drivers’ license has been revoked because you did not have insurance
  • You are unable to sleep because you are worrying about your debt
  • You are seeing and hearing advertisements for bankruptcy lawyers at odd hours of the day or night

Get help.  We can help.  We’ve helped thousands.  We can help you.  Lakelaw represents people in bankruptcy cases.


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