Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - I'm paying my bills ontime, but with borrowed money. Can I declare bankruptcy even though i havent missed pay? - You can FILE for bankruptcy anytime you wish. Whether the court approves your bankruptcy case or not is an entirely different matter. Bankruptcy isn't worth it unless you have a LOT of debt. If you are not disabled and are working, you'll probably have to file Chapter 13 bankruptcy, meaning that you will have to repay at least part of the debt. -