When debts become overwhelming, you have a few options for how you can handle the situation. The first is that you can sit back and try to ignore the collection attempts that are coming. This might not be very productive since you can't answer your phone or check your mail. You might not even be able to answer your door.
The second option is that you can struggle, scrimp and fight to try to keep up with the minimum payments. You might soon find that this doesn't really get you anywhere because the balances will never seem to go down. You might wear yourself out trying to fight to pay these bills.
The third option is to file for bankruptcy. Personal bankruptcy isn't anything that you should be ashamed of. Instead, it is a valid way to try to get out of debt when the balances and terms are just too much for you to realistically deal with.
We know that there are certain stigmas attached to filing for bankruptcy. You don't have to think about those. The truth is that bankruptcy is actually a tool for getting your life back on track. We know that this can be difficult to come to terms with, but remembering this might help you along the way.
One thing that we want you to realize about bankruptcy is that most people who have to file for this protection have been responsible with their money. Medical issues and job loss are two common reasons why people have to file for bankruptcy. You don't have to struggle through the debts. Instead, you can take charge and get the help you desperately need.