If your debt situation has not yet reached a point of no return, credit counseling and debt management may be the best option for you. There may be other alternatives to going bankrupt which can also help people in serious debt to make a fresh start.
How can you avoid bankruptcy. Knowing some important aspects of bankruptcy can help make your debt burden much easier to manage and can help you avoid hassles in the near future. You will have to avoid missing records and bad checks to keep from adding to the bill. If it has even been in the back of your mind, you should take the steps to avoid bankruptcy.
Hopefully, the new law will come into effect by mid-March. Although it was a little bit frightening at first, the new bankruptcy law was not that much of a hassle. The new law requires clients wishing to file for bankruptcy to undergo a six-month credit counseling. Texas bankruptcy law for example protects you, as a consumer, from falling into financial turmoil and is put in a situation where you can be abused by creditors.
Creditors
The moment your petition is filed an automatic stay is in place that means your creditors listed in the petition must...
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