Many people believe that bankruptcy ruins your life and should never be considered. But bankruptcy can be a reasonable solution for some and can offer a fresh start.  It does create challenges, but those considering bankruptcy already have challenges.

Your financial situation will only get worse for the foreseeable future. Your debt is increasing every month and you have no way of increasing your income.  Bankruptcy is worth consideration under these conditions. Check off the situations that apply to you:

• You’re insolvent. Your assets and income are no match for your debts.
• You’re forced to use credit to buy food. If you can’t meet your basic needs without resorting to credit, your financial situation is likely to only get worse.
• You’ve sought professional help without any viable solutions. Credit counseling can help to determine if you’re a good candidate for bankruptcy. It can be challenging to find a trustworthy credit counselor, so do you...