• I’m in debt, and I can’t even make the minimum monthly payments. Is bankruptcy my only option?

NO. It is AN option – maybe even your best option. But it’s not your only option. There are many factors to consider, including your current levels of debt and income, predicted future ability to repay debts, whether you have valuable assets to protect, and whether creditors have obtained (or are attempting to obtain) judgments against you for non-payment of debts.

Only after a thorough consultation with legal counsel should you determine that bankruptcy either is, or is not, the best option for your particular situation. There are other avenues that can be explored, either prior to, in addition to, or in lieu of bankruptcy, including negotiating directly with your creditors to reduce your debts to manageable levels that may be repaid over time.

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