Dealing with a credit adviser can be a great way to deal with the process of declaring bankruptcy. If you know people who have in the past, ask who they spoke to and whether they would deal with those people again. If you begin to talk to them in advance of actually declaring that you are bankrupt you may be able to avoid the process altogether either by credit counseling or through a consumer proposal. With credit card bankruptcy options out there I highly recommend them if you can possibly avoid filing chapter 7 or 13.
With a consumer proposal, you can often pay down your debt and avoid the black mark that a declaration of bankruptcy can leave on your credit history. By showing that you are able to pay off your debt you look better in future when you are applying for loans. With a consumer proposal, you meet with the people you owe money to and work out a payment schedule. This usually ends up meaning that after a set time of making regular payments you will end up having the rest of your debt discharged.
This means that while you will still make payments you will be able to get out from under the shadow of your debt without the stigma of bankruptcy. It can make getting back to a more normal life much faster and easier than it can if you have declared that you are bankrupt. This is why for many people this less well-known alternative is actually a much more preferable one.
Whatever your ultimate decision is, help with bankruptcy can mean not only guiding your through the process but also possibly helping you avoid it all together. Taking the time to learn what your options are can be the best way to ensure a brighter future for you and your family.
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