Many people don’t know if bankruptcy is right for them, sometimes they don’t even know if bankruptcy is a viable option. One little secret out there is often people don’t believe they have enough debts to file for bankruptcy. They think they need at least $10,000 or $20,000 or $50,000 in debts to file bankruptcy. Thankfully, there are no debt requirements, there are no debt limits. If you have credit card debt or overdue medical bills and you just can’t seem to consistently make your payments or you are living paycheck to paycheck because of your debts and you just want out, there's a good chance bankruptcy might be right for you.

Here's a checklist of indicators that you are in financial trouble and should look at your legal options: