How does one know when it’s the appropriate time to file bankruptcy?

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How does one know when it’s the appropriate time to file bankruptcy?

Asked on January 10, 2013 under Bankruptcy Law, Texas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Usually a person decides that a bankruptcy petition is inevitable when he or she can no longer pay his or her bills in a timely fashion and the debtor is constantly pestered by debt collectors seeking payment. At such a point in time the bankruptcy candidate then seeks a bankruptcy attorney to advise the person of his or her legal options to file or not for such protection.


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