Average amount of debt for collapse? at what amount somebody should start thinking about collapse?

at what amount somebody should start thinking about collapse?

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i would say when you can't formulate enough $ to repay anymore

bankruptcy is not a kid though... you will really be ruined if you decide to dance that route

you should try one of those debt consolidators

Its base on how much you make, and how heaps other expenses you have... Its going to fluctuate for everyone.
To some people 5k might seem to be like too much debt to ever seize out of, and to others its nothing. I hear one person utter that when your total UNSECURED debt reaches 150% your once a year income you should file. So if you fashion 20k a year you should file when you bring up near 30k.

Bankruptcy should other be the last resort. I would devise when you are unable to generate you min payments you should start to think something like it.

Cody is right.
When your debt is more than you can money.
Do what you can NOT to file. Get a 2nd profession, sell something, anything.
Good luck!

Answers:
When your debts are so bad that you cannot afford essentials (utilities, food, medicines). You do enjoy to qualify for bankruptcy thru a formula the advocate administers. Any assets you hold can be sold (your 401k is exempt) by the trustee...so if you have any assets you might want to market them yourself.

http://www.uscourts.gov/bankruptcycourts...

Are you thinking to file ruin? Want information? Then this is the most appropriate site for your question. Even if you want allowed help, you can simply fill the form and they will contact you inwardly 24hrs. Trust me its good

http://www.usalegalcare.com/bankruptcy.h...
Good luck

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Do everything you can possibly do to avoid filing liquidation! Get a part-time profession and sell stale some things. You do not want to file for ruin.