Filing bankruptcy should be a last resort. Often people file because they received poor advice from a bankruptcy lawyer who was looking to cash in on a client’s ruinous financial status. Don’t be fooled. It’s worth your time to get a second or third opinion.
Frequently borrowers combating excessive debt are simply ignorant of their options. The stress of monthly bills and debt collectors forces you into rash decision making. Calm the heck down. These people aren’t going to show up with baseball bats and beat you into submission – although it might seem like it. I’ve written two other articles Reasons not to file bankruptcy or settle your debt and How to settle your debts on your own, both of these articles have information you will find useful.
Bankruptcy is a permanent negative mark on your credit history. As such, it should be avoided at all costs. You would be better off to sell everything you own, work three jobs, and read some books on gaining control of your finances. If this sounds like your situation then let me give you some great advice. First and foremost buy Dave Ramsey’s book, “The Total Money Makeover,” at www.daveramsey.com and read the entire thing. This is the only money I recommend you spend. This bestseller demonstrates how to overcome credit card debt with short, simple steps. This book is easy to understand and it works – hundreds of thousands of people have purchased and applied his program.
If you need immediate advice on bankruptcy or debt settlement, then please call 877-231-4384. This is a toll-free number. A representative will help evaluate your financial problems for free and can even connect you with a local attorney. You can also fill out our free bankruptcy evaluation form by clicking here.
There’s no point in repeating here what Dave has already accomplished so well with his own book. So read it. After that, I believe you will find your way to financial peace – and without filing bankruptcy. My main article “5 ways to get out of credit card debt” can be read for free at www.debtprison.net. This aritcle details my personal struggle to overcome $22,000 of credit card debt. I was considering bankruptcy and debt settlement. But all I needed was some discipline. I had to grow up and take control of my spending. My life was suddenly at a standstill. Debt had such a grip on my life that it controlled all of my decision making. Today (16 months later) I owe only $7,000 and no longer worry about credit card debt. Not only is my credit card debt almost gone, but my automobile debt as well. Life is much easier now.
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