There are several reasons why you might want to file for Chapter 7 bankruptcy immediately. The problem is, many people in these situations still continue to wait a very long time before reaching out to a bankruptcy lawyer. This kind of a delay will only make your debt situation worse. If you're currently experiencing one of the following debt scenarios, Chapter 7 bankruptcy could be right for you.
You're putting low-cost necessities on your card: If you're having to buy things like toothpaste, gas, food and toilet paper on your credit card, this is a very bad sign. It means that you don't have enough income to support your credit card payments in addition to your daily needs. You may want to pursue bankruptcy fast.
You're paying off one of your credit cards with the other: If you're forced to pay your minimum payment on one card with another card, this is a tactic that is only delaying the inevitable. Sooner or later, you will find yourself in a whirlpool of uncontrollable debt.
You have a second or third job: If you're working more than one job so you can pay your credit card and your daily needs, you might not be able to sustain that for very long. Look into your bankruptcy options as soon as possible.
There are many other reasons why you should file for Chapter 7 bankruptcy immediately. The most important thing for people in situations like these is to discuss their financial situations with a qualified King County bankruptcy law attorney. Your attorney can educate you about your most appropriate next steps.