We all have so many darn bills every single month with housing, phones, internet, cars, utilities, credit cards, and student loans. It can start to feel like too much. If you need to make a change, you may even be considering filing for personal bankruptcy. Here are 4 financial warning signs bankruptcy is the responsible choice.

Constant Phone Calls and Letters

Do you dread to look at your phone every time it rings? You just know that it's a collection company calling to ask for money you don't have. The mail isn't any better. You may get letters with the words "Final Notice" on them. These calls and letters are generally due to past debts that have gone into collections.

Credit Cards are Maxed

Credit cards are supposed to be there as a backup when things are tight and you need some gas money to get to work. However, some people use them to pay bills and max them out out of necessity. You should never rely on your credit cards to support yourself. This is a huge sign that you need to make a change. Put the credit cards away for a while if you can. If you absolutely can't, it might be time to get help.


Not everyone is eligible for bankruptcy. If you think you might be eligible, you should go to bankruptcy law firm services with all of your information. Don't forget to include everything, including your student loans, credit card debt, and anything else you can think of. If you don't provide all of your information, you may not get the best advice from the lawyers. Bankruptcy cannot alleviate certain debts. You don't want to file bankruptcy and not get the results you were looking for.

Continued Stress

The stress associated with debt can feel like a heavy weight attached to you at all times. You may even have trouble sleeping at night. This is no way to live. Once you file bankruptcy, you will feel a lot better. You may even be able to sleep at night again.

Bankruptcy is a serious decision. It can lower your credit score for about seven years. It also may not get rid of all of your debt. You should talk to a lawyer to go over the details of your case. They can give you the advice you need to make the right decision.

Author's Bio: 

Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor's Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn't on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on Twitter and Facebook: @RachelleWilber; https://www.facebook.com/profile.php?id=100009221637700