Have you ever watched a sword juggler? It takes skill to keep more than one thing in the air at once, and it can hurt when you get it wrong, which is why you’ve probably never tried it yourself.

Have you ever seen a debt juggler? No? Are you sure? Go and look out the window; in fact, go and look in the mirror. A report from CreditCards.com found 47% of Americans have credit card debt, and 23% increased that debt over the last few months.

Getting it wrong when juggling debts can be just as painful as getting it wrong when juggling swords, and the damage can take a lot longer to heal. As circus performers know, the more you try to juggle at once, the higher the risk of failure.

Sometimes you have to admit it; you cannot go on juggling your debts anymore. These are hard economic times to live in. If you have lost your job, or if your business is facing a bleak future, it may be time to admit that your juggling days are over — before you find yourself juggling flaming swords on a unicycle on a tightrope over the Grand Canyon.

 Declaring bankruptcy is not a decision to take lightly, but it may be for the best. If you decide it is time to break away from the merry go round of borrowing and overspending, consult our New Jersey bankruptcy attorneys. They can help you understand the different options available to you.