But it really is not. If you declare bankruptcy, you'll find it difficult afterward to get any type of credit or loan - whether for a house, car or any other purchase. Also, bankruptcy does not automatically erase all debt. There are some obligations you may still be responsible for paying. So, according to the ABA, it's in your best interest to solve your debt problems in ways other than declaring bankruptcy.
Many nonprofit organizations provide financial counseling services at little or no cost.
Various local welfare and church agencies such as Lifeline offer budgetary advice and counseling services. Check your telephone directory for an agency near you. Contact your local government or bank to learn if there are any financial counseling services available to the public. The Citizens Advice Bureau provides financial and budgetary advice. Contact Directory Inquiries or check your local telephone directory for the number of the bureau near you.