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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

You must qualify to file for bankruptcy, and your income must meet an income means test. If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score.

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How to File for Bankruptcy

Better Credit Blog

When Bankruptcy Makes Sense. Filing for bankruptcy is a big step, but sometimes it is the right one. is the spokesperson for Debt Consolidation Care and an attorney who helps his clients deal with bankruptcy, and he says sometimes it’s the best option people have at their disposal. Camron Hoorfar, J.D.