Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Bankruptcy and other Legal topics.
Bankruptcy isn't the end of the world, but there are a lot more options out there if you're in financial difficulty. Call your creditors and explain your situation. More often than not they are willing to lower monthly payments and erase late fees. There are also lots of state funded credit counseling services that help consumers get back on track. Make sure you do your homework.