Filing for bankruptcy in Michigan or Illinois or anywhere else in the United States for that matter, requires one to realize that they are really involved in a big game of Monopoly. If you don’t believe this let me tell you that the game goes on whether you think it is occurring or not.

When you are playing a game, you know it. If you don’t think that your mortgage company is in on the game you are wrong. They penalize you when you are not timely and they even chastise you by having someone call to ask where the payment is.

“How do I know I am winning or losing?”

The answer is very basic. Just check your credit score. The reality is that most people are taking this whole event so personally that they are unable to see the game being played in front of them and that is what the biggest player in the game the credit card companies want you to do. If you understood how important debt is to your credit score you might appreciate this more fully. The debt to equity ratio is one of the key components of a credit score. By reducing your debt you actually increase your score. The easiest way to reduce it is to file bankruptcy and not only limit your debt but eliminate it all together. You might file bankruptcy if you were in Detroit or Chicago or anywhere else you are in the United States.