Close to Bankruptcy because of the economy

[maryelser]

Is anyone feeling the pressure to bankrupt right now because of the economy? To be honest, we had seriously thought about it but was determined to do what we could first in order to keep our home.

[keeper]

I understand how you feel because most of the people in my country are also feeling the same. I’m glad that I’m one of those who are exempted from this because I’m earning a few hundreds dollars. In my country this is such a big thing.

[dheeruyadav]

yes i am feeling that...my credit card dues are increasing day by day...i don't know how to repay them......

[Louise31]

I think everyone all round the world is suffering and the only thing we can all do is keep doing what we are doing and hope it passes.

[Susan]

I think bankruptcy should be filed for, if you absolutely have to. It can damage your credit, and affect you in many ways. I would prefer to work out a payment agreement, or use a debt consolidation company before ever thinking about filing for bankruptcy. I would also prefer to take an extra job and not ruin my credit. It will stay on your credit report for so long, and might cause alot of problems that can be avoided.