For anyone who may find themselves living with overwhelming or unmanageable debt, bankruptcy will often be one of the first options that they consider when pondering how to best address their financial quandary. Bankruptcy is a powerful and effective tool that is well suited to help those who might find themselves in such a situation, and therefore it is understandable that it stands at the forefront of options that may be considered when facing the prospect of overwhelming debt. However, a question that anyone considering bankruptcy will likely ask themselves as part of this consideration is – “when is the right time to file?” It’s an excellent question, and herein we shall delve into a few of the factors that can play a role in determining when that optimal timing may be.
