Are there any way to avoid declaring personal bankruptcy in the US?
Jan Meriss Alfonso Assistant at Ascent Law LLC How to Avoid Declaring Personal Bankruptcy in the US Although filing for bankruptcy may seem like a last resort, it can help you regain control of your finances. This can be accomplished by selling assets, consolidating debt, or working with a nonprofit credit counselor. This article will provide you with information on how to prevent bankruptcy by avoiding common mistakes. Selling assets There are a few things you can do before declaring personal bankruptcy to avoid losing your property. First, make sure that you have enough money to cover your basic living expenses. This means that you should sell any luxury items you own so that you can meet those expenses. In addition, you should keep good records about the sales. Consolidating debts Debt consolidation is a way to pay off your debts while maintaining access to credit. When you consolidate your debts, you will receive a lower interest rate and less expensive monthly payments. This...