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 »  Articles  »  Financial Tips  »  Credit Counseling or Filing Bankruptcy?
Credit Counseling or Filing Bankruptcy?
By David | Published 10/13/2005 | Financial Tips |

Is your unsecured debt so high that you want to file bankruptcy? You may want to think again, or be prepared. Bankruptcy will likely cause you to have to:

  Deal with attorneys
  Be questioned by creditors
  Expose your financial weakness to the public
  Potential embarrassment
  A lengthy ordeal
  Attorney fees
  Court and filing fees

And, you should be aware that filing bankruptcy won't get you out of:
  Alimony & child support
  Back taxes & student loans
  Recently made purchases for substantial amounts
  Properly executed contracts involving titles or liens

Credit counseling offers are far more appealing alternative, which you can do from the comfort and privacy of your own home without the hassle of attorneys, court appointments and bankruptcy judges.

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