For those that wish to avoid bankruptcy at any cost, there are personal bankruptcy alternatives available. In order to find these, you should speak with a credit counseling service that can give you a professional analysis of your situation.
After looking at your scenario, these companies can find you a personal bankruptcy alternative or they will not charge you a dime. Now, there are plenty of credit counseling services that are not what they seem. Be sure that when you are looking for a personal bankruptcy alternative that you speak only with accredited companies. You can check with you local or state department of business or with services such as Consumer Alerts and the Better Business Bureau to make sure your counselor is on the level.
Credit counseling is a great solution for most people who choose to give it a try. At the very least, these people can help you gain a better understanding of how you got into your predicament in the first place. If you do end up needing to file for bankruptcy, this information can help you avoid making the same mistakes in the future.