Bankruptcy book by

PETER FRANCIS GERACI

  
Chapter #5
WHEN YOU SHOULD CONSIDER CHAPTER 7 OR CHAPTER 13 PLANS

  ***If three or more of the following apply to you, you should see a bankruptcy lawyer now.

 ***If more than 5 of the following apply to you, you should have already seen us 3 months ago!!!

_____ My debt is over $5000 not including a car or house. 

_____ My payments are over 25% of my take home pay. 

_____I am frequently late on my payments. 

_____I pay 20% interest on my debt. 

_____I buy necessary items like food or clothing on credit. 

_____I frequently get cash advances. 

_____I am thinking about getting a loan to pay other loans. 

_____Someone has filed a lawsuit against me. 

_____Collection agencies are calling me. 

_____I am "robbing Peter to pay Paul." 

_____My balances are not going down even though I make payments. 

_____I have been turned down for more credit. 

_____Payments are more than 1 month behind on more than one bill. 

_____My driver's license is suspended because of an accident. 

_____I can't afford car insurance. 

_____My mortgage or rent is always late, or is behind. 

_____We are getting divorced and have too many bills to pay. 

_____I have medical bills over $5000 that are not insured. 

_____There is a garnishment or wage assignment on my check. 

_____I owe income taxes I can't pay now. 

_____My car is worth much less than I owe.                    

_____I have no savings.

If none of these apply to you, congratulations!!  You are living the American Dream.

 

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