Bankruptcy test
NOTE: It will be best if you apply these questions—as a whole—to all income producing members of your household.
- Do you only pay the minimum on your credit cards?
- Are you sometimes unable to make the minimum payments?
- Are you frequently late paying bills?
- Are you incurring late charges on credit cards, car loans or any other revolving credit accounts?
- Have you recently bounced some checks?
- Are you getting phone calls or letters reminding you that you owe money?
- Have you had, or are your creditors threatening or pursuing a foreclosure on your home, a repossession of your car, wage garnishment or other legal action?
- Are you heavily in debt, with little prospect of getting out of that debt in the near future?
- Are debt problems stressing your marriage or personal relationships?
- Have you tried to borrow money from relatives or friends?
- Have you borrowed money from a payday lender?
- Have you experienced a dramatic drop in income that you don't anticipate replacing anytime soon such as a job loss, cut in hours, reduction in pay?
- Do you have to sacrifice basic necessities just to make ends meet?
- Are you losing sleep at night wondering how you're going to make it?
- Have you recently become partially or totally disabled?
- Are you going through a divorce?
- Have you recently had large uninsured medical expenses?
- Any reduction in retirement income, health coverage?
- Is your landlord threatening to evict you for non-payment of rent or has he already started the eviction process?
Are you expecting to see various scores depending on how many times you answered YES? Sorry, there are no scores. Only you can interpret whether you have serious debt problems.The questions are designed to help you focus.
Questions? Call me on my cell now at 502-592-9771 so we can discuss your choices. I will pick up personally. 502-592-9771.
