There may come a time when you believe that bankruptcy is the only way to escape your financial troubles. While this could be the answer you have been searching for, it is important to realize that you have other options. For example, debt management may be the right strategy for you at the present time.

With the right debt management plan in place, you may soon find that you don’t have to file for bankruptcy. You may still do this at some point in the future, but it doesn’t hurt to consider all your other options first.

A responsible debt management plan takes some or all of these details into consideration:

— An understanding of your debt, including how much you have and when it will be paid off.

— An overview of each type of debt, including but not limited to credit card, medical bills, car loans, and a mortgage.

— Your monthly income, used to determine how much money you can put towards debt repayment every month.

If you successfully implement a debt management plan, it will not be long before you are feeling better about your situation. Those who find that this is not possible should consider bankruptcy, including both Chapter 7 and Chapter 13.

We have helped many people put their debt in the past. If you have questions about filing for bankruptcy, reach out to us online or via telephone. Either way, we can help you better understand your situation and options. This will ensure that you have the right plan in place as you move forward with your life.