Depending on your financial circumstances it may be that bankruptcy is your best option, although it may not be your only one. You may have an opportunity to consolidate your debts, but is this really going to get you of a dire financial situation, or just prolong your money agony? Your first step is to talk to a bankruptcy lawyer. These professionals are assisting people all the time that have run into a bad money situation. They are experienced at knowing just how bad a financial situation is. Most times they have dealt with other clients who tried other bankruptcy options, but in the end filing for this debt relief was their only option, and would have been their best choice right from the beginning.
In may be that as of yet you debt situation has not reached a level where you will have to file. A debt counsellor may be able to help you get your finances back on track. If your bankruptcy attorney thinks this is an option he will more than likely suggest it to you. A debt management may also be another option.
While most people don't like to have to go bankrupt, when the process is carried through without any delays and setbacks it can in the end prove to be a positive experience. It allows the person who has been debt ridden and under a lot of stress to start fresh. There can be a lot of circumstance that leads an individual to a level where they can no longer afford to pay their debts. A loss of employment or illness are two common factors. There should be no embarrassment when meeting with a New Albany bankruptcy lawyer. They are not there to judge you, but to assist you in bringing your financial situation before the bankruptcy court in the proper manner following the proper procedures.