Latest Posts
Home > Ask The Get Out of Debt Experts > How Far Behind Do I Need to Be to File Bankruptcy? – Jay

How Far Behind Do I Need to Be to File Bankruptcy? – Jay

“Dear Steve,

Live in Colorado, it’s the usual situation where there have been cut backs at work (outsourcing rrrr) and we are we will begin to fall short on CC payments by our calculations. We estimate maybe $ 200 probably depending on the sequester and barring other fun surprises and stuff.

I much do you have to be short a month to really file bankrupcy? If you are short 200 bucks on CC payments, but can pay everything else (House, utilities, ect), would they even let you file? For the sake of discussion, assuming don’t have anything to sell on ebay. Just trying to get a feel. I am sure this is happening to lots of people who read this site. I apologize if its been answered.



middle age couple

Dear Jay,

You don’t have to be behind to file for protection under bankruptcy. You also are not going to lose little things you’d sell on eBay either. The bankruptcy trustee doesn’t want your old stuff unless it has a tremendous value.

You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.

Bonus Video Answer

Bankruptcy Articles and Posts You Must Read

To get ready to read the information below with the right frame of mind, please first read How Do I Get Out of Debt Quickly? Change Your Mindset.

Bankruptcy Advice

Life After Bankruptcy

Filing Bankruptcy Yourself

Please post your responses and follow-up messages to me on this in the comments section below.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.