Something that many people ask themselves when contemplating the bankruptcy process is when the right time will be to file. People may wonder if there is a specific amount of debt that would typically lead to a filing, or whether a creditor taking a specific action, such as bring a lawsuit for collections, is necessary prior to beginning the bankruptcy process. The answer to these questions is simple; there is no single set of circumstances that dictates the best time to begin the bankruptcy process. Rather, the best time to consider a bankruptcy filing is when you ready to free yourself of the burdens associated with overwhelming debts, and give yourself your life back.