A personal bankruptcy may never have crossed your mind in the past, but now that you've lost your job and have had to run up your credit to make ends meet, you're not sure what to do. You found a new job, but now what you earn isn't enough to cover the bills you've created when you couldn't work.
Your situation isn't as unusual as it may seem, and you do have options. One of those options is to reach out to your creditors, especially if you haven't been late on a payment yet, and ask for more time to pay or a reduction in payments. Sometimes, they'll forgive a missed payment or fees to help, too.
A consolidation loan may also help, if your credit hasn't been damaged yet. If your credit is too poor to take out a loan or the monthly payment will still be too high, then you may need to look into other options.
Your attorney can sit down with you and talk to you about bankruptcy and other services that may help you get back to a place of financial well-being. People who end up in situations like yours never intended for this to happen, and bankruptcy is one of the options that is available and intended to help. It provides necessary debt relief and can take as little as a few months if you qualify for Chapter 7.
Our site has more information on personal bankruptcy and what to expect if you've fallen behind on making payments. The right information will make a difference in your life.