The decision on whether or not to file some sort of bankruptcy is a big one and it will affect your finances and credit for years to come. And although the number of bankruptcies filed has been dropping in recent years, there were still over 800,000 filed in the year 2016 in the U.S.
But how do you know if you should be filing for bankruptcy? If you feel like your bills and/or debt is just too much for you to handle currently, you may want to consider it. But before you decide, there are a few more questions you should ask yourself.