8 Steps to Take Before Bankruptcy

Anyone who has ever faced a financial crisis has fantasized about getting a fresh start.

But if you’re in financial trouble, you’ve got a deadline. Stricter bankruptcy rules go into effect in October. The main difference: It will be a lot more difficult for some people to get the Chapter 7 discharge, which wipes out most debts.

Still, there’s nothing that says you can’t attack your money problems on two fronts. Try to improve your situation and, since the clock is ticking, investigate the bankruptcy option. No matter which way you go, here are a few things to try in the meantime to bring your debts under control:

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