davaoprojects's Spot Follow

As a rule, you should not file a bankruptcy if you foresee you will have to incur more debts into the future. Same goes for the person who only has a small debt. If you are thinking about filing, you should ask yourself if it is better to wait when you are not piling any more debts, and if the current ones are heavy enough. If you are in danger of losing property you cannot afford to lose, say a car or home, then all the more it makes sense to file.