Routes For Preventing Going Insolvent

Lots of Americans are facing bankruptcy on a monthly basis. Make sure you have taken all steps possible before you actually file for bankruptcy.

One of the quickest, yet often overlooked first lines of defense is to get rid of your credit cards. Sometimes it might be crucial to hold on to a card in case of emergencies. Attempt not to go over an $800 limit on this one card. There is no need to keep more than one card per household. These days, most companies will set you up with online automated billing. Start using cash for all of your other daily needs. This not only limits what you can buy, it also shows you exactly what you spend your money on.

Another way to cut spending is by putting a stop to satellite TV. You can watch most shows on the net for free or they are available for instant streaming. You might try having a no TV night and instead play board games with the kids. If you are single, try turning off various distractions and sit down with a good story. You can pick anything from a Russian classic to a new comic book.

If you are at your wit’s end and you keep getting collection notices you may want to make an appointment with a Woodland Hills bankruptcy attorney to see what your options are. Some people unfortunately use this as the last resort instead of seeking out a lawyer before things get too bad. Before seeing a Thousand Oaks bankruptcy attorney, check their credentials and get references. Never blindly pick a Woodland Hills bankruptcy attorney without checking them out. A bit of questioning can go a long way to prevent problems.


Once you have seen your Van Nuys bankruptcy attorney, converse with your friend or spouse about your options. Know all the pros and cons of filing for chapter seven and make sure you can handle them all. Also be sure to discuss every detail with your family and maybe a few close friends. Don’t be ashamed; instead, be proud of yourself for knowing that you are making a good decision before matters get too much out of hand.

Now you won’t be all by yourself in these hard times. The reality of the job market today makes it difficult to save for a future. Remember that you are just human and you aren’t in this by yourself.