Ersonal Finance

Well I can tell you I have friends, family and parents that I work with talk to me at least weekly about their bills. Their are many times bankruptcy comes up. I try very hard to help people to see a better path to take. It takes you down a bad road. It will follow you for many years and damage your chances at things for as long. Even after you think your debt is all cleaned up from the chapter 7 bankruptcy you find things on your credit report. They stay there for several years. The crediter or the courts may not have included it or they on your records in big letters BANKRUPTCY 1995. So even though it have been 11 years and you are feeling pretty good about your personal finances your credit report says otherwise.

I advise my friends about bugeting with in your means, within your income. Do not budget every penny you have. You never know when something will come up or when your check may fall short. May sure to pay your daycare, your rent, your untilies, buy your food and get your diapers and other needs for your children. The cel phone is not a need, cable is not a need,etc. I also suggest CCCS ( Consumer Credit Counseling Services) and other proffessional services to assist with families.

When CCCS can not help you and there is no other way to go I have seen couples file Chapter 13. You do actually pay back your bill collector