can not pay my credit cards. shoud I file for bankruptcy
2 Answers from Attorneys
Bankruptcy is certainly an option you should explore. The only way to evaluate your eligibility and whether bankruptcy is your best option is to have a consultation with an experienced bankruptcy attorney in your state.
This is a multi-faceted question which begins with: why can't you pay your credit card bills? Are you out of a job? Is it temporary? What is the likelihood of obtaining a better job or making more money in the near future? Are you or a loved one sick? etc.
The next step is to determine whether bankruptcy is even a good option. To analyze this issue, we need to look at collectability, harassment value, future contemplated expenses, assets, etc.
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