As more and more struggle with their finances in today’s tough economy, it seems that the harder it is to find good help when you need to know how to handle the financial difficulties you encounter. There are many lawyers who advertise help in filing bankruptcy but is bankruptcy the only route to go? Is it the best solution in your situation? If you speak to an attorney who handles bankruptcy, they are naturally going to tell you bankruptcy is your best option, because that is how they make their money, by filing bankruptcies. But what if there was an option that allowed for bankruptcy avoidance? Wouldn’t that be a better alternative?

For some bankruptcy is the best bet, whether it is Chapter 7 or Chapter 13, but it is not always the best solution for everyone. There are many downsides to filing for bankruptcy. One of the main negatives is that when you file for bankruptcy you lose much control of how your finances will be handled. Depending on what you file for assets can be sold and you have no choice in the matter. In addition if you are put on a payment plan with a trustee for your bankruptcy, there are no exemptions. Illnesses, losing a job or anything else will not matter to them. Once the payment plan is set up there is no way to change it. This can be difficult in times where things change rapidly and can be a key reason that many seek options with bankruptcy avoidance.

There are many types of credit counselors, debt settlement and other types of agencies that offer help while employing bankruptcy avoidance measures. But can these truly give you relief from your creditors while protecting your assets? Generally most cannot do this and this makes it necessary for those who are looking for help to seek other solutions.

The best solution for bankruptcy avoidance is to find a debt consultant that can help you decrease your debt balances, help you protect your assets, avoid legal actions, eliminate monthly payments while allowing you to stay in control of the situation. When you are looking for help with your debts, it is important to find a company who can help you use the law to protect your income and assets while helping you negotiate with your creditors and come up with ways to lower your debts. By doing this you will be able to retain control of your finances while making sure you are not further exposed to unnecessary risks.