Q: At what point would it be "too late" for a person to file for bankruptcy?
A: There is no such thing as "too late" under the bankruptcy code. Sometimes you will hear people use this terminology after a home has been foreclosed on or a vehicle repossessed because, at that point, it is too late for the bankruptcy stay to stop the secured creditor from taking the property. If this example covers your particular situation, then you have your answer. Otherwise there is no way to answer your question without more specific details.
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