Here are five strong signs that indicate you qualify for bankruptcy:
Your debts total more than half your annual income.
It would take five years (or more) to pay off your debt, even if you took extreme measures.
Your debt interferes with other essential aspects of your life, such as relationships and your ability to sleep.
You have little to no disposable income.
Your monthly income is below the median level in your state.
"choosing is refusing" means individuals face an opportunity cost with each decision they make. economists state that every decision involves trade-offs. opportunity cost is the least desirable alternative given up as a result of a decision.