Top 10 Signs of Financial Trouble

Filing bankruptcy is not the solution to every situation, but there are particular circumstances and patterns of behavior that stand to benefit from filing bankruptcy. There are numerous warnings that can be observed while you are headed towards severe financial troubles. 1.You have recently lost your job and are unsure of how you will maintain you financial obligations. This job loss becomes much more dire when it was the direct result an injury or medical condition, because the amount of time you could be unable to work is unknown. Financial planning is not conducive to unknown parameters and small cash flows. 2.You have recently been afflicted with an illness or injury that resulted in excessive unplanned expenditures that cripple your budget. 3.You have been signing up for every unsolicited credit card offer that you receive in an effort to keep you head above water. This situation has left you only able to make minimum payments at best on your credit cards. 4.You shop furtively or purposefully hide the true costs of you purchases from your loved ones.5.Your credit cards are reaching their limits and you consider getting more cards just to survive. At this point you have stopped using credit cards for convenience and instead are using them because you simply don't have the money. It is never a good idea to pursue this line of thought. 6.A definite cause for concern is when your credit card balances are rising uncontrolablly while your income is decreasing. 7.You charge more on your credit cards than you are paying each month. 8.You receive letters or phone calls from creditors threatening legal action. 9.You are apprehensive when checking the mail and refuse to open certified mail because you are fearful of what might be inside. In the same vein you don't know how much debt you have accumalated and don't really care to know. This is the ostrich syndrome. Ostriches stick their head in sand when they feel endangered under the impression that what they don't know can't hurt them. This is sadly not the reality of the situation. Fees, overage charges, interest and additional legal steps continue regardless if you choose to be aware of them or not.10.You tap your retirement or savings accounts in an attempt to satisfy creditor's demands. While filing bankruptcy is not the answer to all of these concerns, it can be the best answer when one or a combination of these signs become overly burdensome to you or your family. It is much easier to prevent and get out of the downward spiral of cumbersome debt the sooner you identify the problem. It is a common theme for bankrutpcy filers to wait until the last second such as the day before their house is foreclosed on to act appropriately. Don't put yourself between a rock and a hard place. Act preemptively and speak with a bankruptcy attorney before the situation has become dire. Acting in this manner will save you thousands of dollars and pay dividends in the future. For help alleviating the stess, pressure, and debt in your life visit www.bankrutpcyhome.com before it is too late.

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