Consider all of your options before filing for bankruptcy. One option to consider is credit counseling. May non-profit companies are available to help you. They will liaise with those you owe money to and try to get better payment options opened to you. You pay them and then they pay the creditors. Filing bankruptcy can immediately stop stressful phone calls from harassing creditors. Having a lot of debt can be terribly stressful. Bankruptcy protection may be a good way to keep things under control while you sort out your financial difficulties. People who say that bankruptcy is a scary experience aren’t exaggerating. While you may have been frightened of bankruptcy in the past, you don’t need to be scared anymore. This article has armed you with information. Take this advice to heart, and do everything possible to improve your situation.