How do I know if I need to file bankruptcy

In a difficult economic situation, people who lose their jobs and their homes. If the Bills are piling while your bank account is drying, sooner or later can start questions: should I file bankruptcy? It's never easy to respond to this sensitive issue. Contact a professional Avant_de, can the following help make some preliminary analysis.Difficulty: moderately ChallengingInstructionsThings need: CalculatorDisciplineA disable mindSpreadsheet1 1) cool and your feelings aside: entrance to others who are in default, have more than you have spent is not easy. You feel uncomfortable or even shame. However, bankruptcy is a legitimate legal process for individuals and companies who pay your bills. Of the law these individuals and companies get a chance and to start again from the bankruptcy proceedings. The USA has one of the most generous bankruptcy process. Enjoy, have other solutions. 2 2) understand the consequences of bankruptcy: the delivery if the filing of bankruptcy is that to make a new start - cancel most of your debts. Negative Fichu for many years and you will have your credit card to pay the interest rates on consumer debt. (Also some debts in bankruptcy, including student loans are not fulfilled, support for the family, tax debts, LaTeX. 3 list your debts3) in the list of all your debts: first need car, personal loans, etc. see how much you need credit cards, loans by collecting the last invoice or statement of any creditor - mortgages, exactly. Set the balances and the monthly payment that you have to do. If you know how you some ca verwendenLcul Excel everything up for simple calculation 4 always have a greatn job! (4) List all your income: as next list of your monthly income. Mater regular income as wages, interest, income from rental income, etc first. Then an end to set dividends quarterly to your other income such as or freelance income. Try a monthly figure for easy comparison. Be realistic and conservative.(If you have lost your job steady income and you have no other have not enough savings to pay off or then you can skip the steps above your debts, you will have monthly payments not located for your debts.) (Passez_a_l'Étape__#__9_ci-DESSOUS) 5.5) list all your expenses on the side of your income above: perhaps it is indeed difficult as you think. For most people, another that the monthly rent or mortgage, you have no idea how much you spend per month. Use a sort worksheet for your monthly expenses such as such as the Microsoft model: http://office.microsoft.com/en-us/templates/TC062062791033.aspx honest and writing in all what you have to spend, what spending cash, cheques for automatic payments, credit or wrote. There you have to do a month get exact figure. 6 6) cut something essential and calculate home much you links:-after you have written your monthly expenses, see what discretionary spending, cut the. For example, you can instead of a cup of coffee from Starbucks 3.5 million, just coffee $0.75? Rather than go lunch every day make a sandwich? -Once you the amount of your monthly significant total cost (including the monthly payment your creditors), subtract the it of your monthly income. -Haben you Geldauf of the left or a deficit? (77) Have just enough or not ge to pay your billsenough...Chances that you should seriously consider filing for bankruptcy. (You will be 88 probably behind your payments sooner or later.) If you make monthly payments:-If the above mentioned calculations show that you can make payments monthly on your debt and have your work, then bankruptcy should be unnecessary. Instead of this to try to save so that you (at least 3 months Please Mensueles) make a first help fund can-after you start your debts with interest rates higher than with more money to pay. En_regle_generale, if your credit card debt paying high interest rate less than 3 years, you should not submit for bankruptcy 9 9) other alternatives bankruptcy application: essays that arrange things with your creditors. Negotiate with you for the reduction of payments, rates of interest or principal. Get something back that nothing. DOS consumer credit counseling service can help to deal with creditors. They offer consulting services and support that you negotiate with creditors to lower prices and better conditions. -Konsolidieren you your loans with financial institutions. Communicate with your bank or another financial institution for consolidating your debt interest in a lower interest rate. (Consolidated after debt are make payment only for the new creditor only. 1010) Should not to file bankruptcy, if: - judgment - are evidence, indicates that you have no assets, keep your creditors can get while you follow. Typically, assets are except protected from creditors. Z.B.Prozesse, usually may keeping your basic essential items such as car and clothes. Some States allow to keep part of your home equity. (Check with the State Konkursgerich)t or a lawyer to see which property from your state. is excluded have debt set by illegal means, such as fraud, or if you have lost or transfer large sums of money on others. 1111), enjoy likely of bankruptcy: - more you - you are still young and large amounts of debt repay you, but you can not expect that training future or any other means - with loved ones - is the amount of debt you have