This transcript was auto-populated.
Transcript:
00:00:03 For me, the answer is very simple. If you have debts that you are unable to pay and especially if you even go a step further and you’re almost certain that you will never be in a position to pay, then yes, bankruptcy I believe obviously I’m biased is the solution and certainly something you should look into as well as if besides just unsecured debt, credit cards and medical bills that you’re never going to be able to pay. If you have something that is uh specifically forcing your hand, a repossession or rep risk of repossession
00:00:44 on your vehicle, you’re getting behind on your house payments and uh either at or getting near the risk of foreclosure, or if you’ve uh had a lawsuit filed against you from a a creditor that’s trying to collect on that law uh on that debt by filing a lawsuit, then those are certain things that you should be exploring bankruptcy at that point. But uh if you have debts that you can’t afford, then bankruptcy is certainly something to be looked at at that time.
