Ask your lawyer about the alternatives to seeking relief under the bankruptcy laws.

One alternative is to contact your creditors to request a discount or additional time to pay. Another alternative is to seek the help of a reputable credit counseling service.  These organizations may be able to help you manage your bills and work out an arrangement with your creditors. A third alternative is to borrow money to pay off your debts, replacing them with a single loan and one monthly payment. Such refinancing can make sense if the repayment period is extended at a lower interest rate.

Each of these alternatives has benefits and disadvantages that a lawyer can explain. You may find that bankruptcy is your best option.

BANKRUPTCY

Alternatives   Options   Getting Started

Your Creditors   Your Trustee   Your Property

Effects of Bankruptcy   Checklist