Bankruptcy Alternatives

If you are considering filing bankruptcy, or are in the process of filing bankruptcy, we suggest you read about your options first and make a more educated decision. You will hear a lot of different things from a lot of different people (depending upon what they're selling you). Rest assured, you do have multiple options to choose from when you bills become too much.

This website is designed to give advice for Unsecured Debts only because usually banktupcies never allow secured debts to be discharged. If you are having a problem with Secured Debt, for example a forclosure or repossession of a vehicle, you may want to discuss options with a specialist in that area. The rights of the creditors are much different in the case of secured debt.

There are two main options that we would suggest before choosing a bankruptcy:

Debt Consolidation

Debt Negotiation

There are essitially 3 types of bankruptcies you can file: Chapter 7, Chapter 11, and Chapter 13. The differences between these bankruptcies differs greatly and sometimes you aren't give a choice as to which bankruptcy you are allowed. Click on the links above or to the left to find out how each bankruptcy works.

The pages within this website will explain about bankruptcy and bankruptcy alternatives and and explain why a bankruptcy is a "last resort" option.