If you are struggling with your finances, one of the things that you may want to consider is bankruptcy. Bankruptcy isn't always the best answer, but for many people who have struggled with debt and tried to get out of debt with negotiating tactics and by taking on more work, it is the final solution to their problems.
The issue with debt is that it's easy to build up and can be hard to pay back. If you lose your job, have to pay medical bills or have unexpected expenses, you could end up with more debt than you can afford, even making monthly payments. If you can barely make ends meet, you're more likely to default on those payments, leading to damaged credit and other significant problems.
What should you do if you are struggling with making payments on your debts?
If you are having a hard time paying back your debts and aren't sure how you're going to make ends meet, it's time to talk to your attorney about going through bankruptcy. Both Chapter 7 and Chapter 13 bankruptcy can be beneficial to people in your situation. Whether you're below the poverty line or earn hundreds of thousands of dollars each year, the reality is that anyone can get into a position where their debt burden is just too much to bear.
The good news is that your attorney can help. Talk to them as soon as you believe that you're in over your head with debt; bankruptcy is a simple solution that could help you get a fresh start.