As you look into your debt relief options, you know that the key to staying out of debt in the future is to create a budget and stick to it. The first part is easy; you've tried it already. The second part is where it gets difficult. How can you actually stay on budget and get control over your money?
Personal bankruptcy is not exactly what it seems to most people, and the results are often better than people expect. The concept means different things to different people suffering massive debt. The right type can rescue a family's financial future.
Chapter 7 bankruptcy filers will not have to sell "all" of their personal property to pay off their bills. In fact, most bankruptcy filers benefit from being able to keep more "exempt" property than they imagined before engaging in the process. Determining what property is exempt from the Chapter 7 process will depend on the laws that apply to the proceedings.
If you are strongly considering bankruptcy, you need to quickly separate fact from fiction. There are many bankruptcy myths that can get in your way, all of which can worsen your financial situation as opposed to making it better.