If you are paying off existing debt with more than 40 percent of your income, then bankruptcy might be right for you. This “debt-to-income ratio,” which is a marker of potential financial distress, can indicate that your debts are too high to pay off on your own. Furthermore, if you are using debt to pay off debt or if you are forgoing essentials, such as going without medical attention or even food, you are most likely in a debt spiral. Lastly, if your debts are the kind that bankruptcy would wipe out, consult with an attorney. Filing for bankruptcy is a practical way to get out from under burdensome debt, and most people feel relief when their bankruptcy case is over. But understanding the process and completing the paperwork can be daunting. That’s where a bankruptcy lawyer comes in. Not only will you receive legal advice, but a bankruptcy attorney will handle the paperwork from start to finish. To schedule a free consultation, contact the Pruitt Law Offices S.C. at 262-633-8301, through our website at pruittlawoffices.com, or visit us at 731 Main Street in Racine. We are your partners for professional service.