Personal bankruptcy is generally never a good option and you want to be sure you've exhausted ever possibly opportunity before filing for personal bankruptcy.
This is something that leave a major mark on your life for the next 10 years, and it can be a long time before you are able to get a credit card, loan or any kind of financing.
There are alternatives to get out of debt and pay your bills, and it starts with your ability to think outside the box.
When you stop and think about your situation, it all boils down to one thing.
Your expenses exceed your income.
In other words, you don't make enough money or have enough money on hand to pay off all of your bills.
Regardless if you have a high number of medical bills, got behind on your mortgage payments, lost your job, or just lost track of how much you were actually spending with your credit cards, there are ways to get out of debt without filing for bankruptcy.
One method is to follow the methods that allow you to obtain what I like to call, "free money.
" When you have cash flow coming in to your pockets, there is no problems paying your bills and getting life back in order.
Imagine if instead of your paycheck being $2,000 every month if it were $20,000 every month.
It might be hard to visualize what that would be like, but it can be accomplished.
When you tap into the right resources, there are many ways to put an end to debt that most people don't consider.
The first options that come to mind are generally bankruptcy, debt consolidation or renegotiating debt.
That's because these options are mass marketed by professionals.
But you do not have to pursue those options that will end up costing your more money and misery in the end.