Consumer Bankruptcy Consumer Bankruptcy Consumer Bankruptcy Being in over your head financially is frightening. If you find yourself in this unhappy position, several kinds of help are available.
Bankruptcy is one of the alternatives for financial distress.
You need to examine the options available to you for dealing with your financial problems and decide which course of action is best for you. Some people in financial trouble can improve their situation by negotiating directly with creditors. Others get help from a local financial counseling program or a consumer credit counseling service with experience in negotiating with creditors and in budgeting plans. For some people, some form of bankruptcy may be the only realistic alternative. The choice of a remedy is not always easy.