Before you take the leap and file for bankruptcy, you may want to re-evaluate your financial debt situation and see if any bankruptcy alternatives apply. If your debt payments far outweigh your current income, it may be clear that bankruptcy is your only option.

Depending on your circumstances, you may find options like restructuring your debt via loan consolidation or negotiating a debt settlement helpful enough to tip the balance of the scales more in your favor.

With Avvo Legal Guides, you can find plenty of tips that are useful tools against your debt.