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Date12/7/2021 6:26:31 AM
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If you find yourself in a situation where your income is not enough to cover your monthly expenses, then it may be time to consider bankruptcy. You need to file for bankruptcy if you cannot pay back the money that you owe. The most common reasons people file for bankruptcy are medical bills and high credit card debt. If this sounds like something that might describe your current situation.
When is a good time to consider bankruptcy? If you are drowning in debt, have no way of paying off your bills, and are at risk for eviction or garnishment. The U.S. Bankruptcy Code provides relief for those who can't manage their debts on their own and want to find an alternative to foreclosure, repossession, wage garnishment, or constant stress over mounting financial obligations.

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