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Waiting too long to file bankruptcy

Some people with serious debt problems try other ways to fix the problem before considering bankruptcy. Unfortunately, some of those fixes can result in the loss of assets that could have been saved by filing bankruptcy sooner.

For a person with serious debt problems, it’s good to explore all of your options before taking steps that cannot be undone.

Here are some examples of fixes that rarely work:

Bankruptcy isn’t for everyone, and a person should explore all of his or her options before making a decision. Only an experienced attorney can advise you if bankruptcy is the best option in your case.