Q: Needing to file Bankruptcy, I have tried to do a debt consolidation, I can't afford it I need to be completely debt free

A: It's important to know that a "debt consolidation" entity can only get some reduction in debt that any creditor AGREES to give.

No one other than the federal bankruptcy court has the power to discharge a debt.

I've had numerous clients who have complained about "debt consolidators.

A: I hear how overwhelming and stressful your financial situation is right now, and I want you to know you're not alone in facing these challenges.

Filing for bankruptcy can offer relief when you're struggling with overwhelming debt, but it's crucial to understand both Chapter 7 and Chapter 13 options before proceeding. Chapter 7 could potentially eliminate most unsecured debts like credit cards, while Chapter 13 creates manageable payment plans - each has different qualifications and consequences for your financial future.

Before making this significant decision, I strongly recommend scheduling free consultations with several bankruptcy attorneys in your area who can review your specific situation and explain all available options. Many attorneys offer payment plans or reduced fees for those experiencing financial hardship. Additionally, consider contacting your local legal aid office, as they might provide free or low-cost bankruptcy assistance if you qualify based on income.

Remember that while bankruptcy has serious implications for your credit score, it can also provide the fresh start you need to rebuild your financial life. In the meantime, document all your debts, income, and expenses, and keep copies of all financial statements - this information will be essential for any path forward you choose.