karenpayne - I really can't agree or disagree with any of these comments, as everyone's situation is different and subject to the bankruptcy laws relevant to the state and country you're are living in.

However, I'd just like to tell you this true "food for thought" story that happened to a friend of mine.  She had been struggling financially for many years as a sole parent, with all the usual issues most of us have with money. She finally decided to file for bankruptcy as an easier solution (or so she thought) to her problems, rather than face a number of issues, one of which was an irresponsible adult daughter who kept bleeding my friend for money, and using the threat of cutting off access to her grandchildren if she didn't play ball. 

So she did the deed, and was fairly pleased with the outcome until she applied for a passport to attend her other daughter's wedding which was being held in Fiji. You guessed it - not eligible for a passport! Of course she was devastated and the wedding went ahead without her.

Just think about other consequences if you decide to go down the bankruptcy road.

Scott Hanah (Guest) - Great comments, and very helpful article. I also found another resource for <a href="http://www.nomoredebts.org/tips-for-paying-off-debt.html"> paying off debt </a>. Check out the credit counselling society if you need more info in Canada!

Mike James (Guest) - Wow!  You are wrong on so many levels.  I was able to get credit after bankruptcy. In fact my credit score went up.  The fact that you cant file bankruptcy again for 8 years make you the best credit prospect. Not to mention you have no debt so you will be able to pay the credit back.
DO NOT SELL YOUR STUFF! You can keep your house, car, clothing, jewelry, and other house hold items if you file bankruptcy.
The author of this blog needs to do his or her research before posting this poppycock.

shirley2009me - good idaes,I will try 

anne_20002002 - thanks for this blog

babecollector - this paying sites will definitely be a great part time isnt?

Purnendu - Very informative

sulasok - Nice article!

sulasok - Very informative, thanks for sharing it.

- nice

- gr8 work

bogsy - thank you so much for sharing

yunfei - thank you for this nice information it is very helpful.

- tips are easy to read but implementing is wat matters. be a implementer

szack - Its very nice

Purnendu - nice article...

nishu_achreja - nice blog

nishu_achreja - nice blog

- great tips .thanks

tazar - great tips

Purnendu - nice information...

Purnendu - Thanks for sharing this information

Purnendu - nice info...

- good article ............thanks.............

djonghs - Thanks, your advise will likely work out.

- It's a cool idea. Thanks for the tips.

- very informative. Good for you, since you share this to us.

tenchi18ph - Thanks for sharing this very informative tips.

rizzy - Going for a settlement is also another way of avoiding bankruptcy.

varushar - Thanks for writing such a information rich blog.. I will keep these points in mind when I will have my small company. I am planing to have one now.   

oreocookie3 - All very good advice. It would hurt to sell everything, or to downsize, but that might be what is needed to protect one's credit rating and avoid bankruptcy.

tazar - thank for sharing, good job

aida0205 - thanx for the tips.. really worth

nishu_achreja - Nice blog

sisco2121 - thats a lot of use full information that i can put to good use.  i just want to thank you for posting this information on here.

- very helpful tips, with global crisis we must be smart to avoid bankruptcy, thanks

srikantuts - Good article.

srikantuts - Nice review, thanks alot!

- a very good advice and tip,. very detailed too

sulasok - Very informative, thanks for sharing it.

sulasok - Nice article!

newfriend01 - thanx  for ur meaning ful sugesstion

- thnx for share this.......

- these are very valuable tips thanks for the article

- thnx for your suggestion

- OK, thanks to the tips

- I love this idea selling the stuff, but no one buys my old computer yet.

serendipity - nice post.

szack - very good info!

tazar - wow great, i like it

- Some of the things mentioned are very difficult for some people to do...like the jobs for the neighbours and all..but nice tips. Thank you.

sikat - For some people, it is hard to part with some of their stuff.

wanxiaoqi - Good! I like this!

silent! - nice tips... thanks for sharing

- thanks for his trick, I hope can help, and useful

- this is a good one, actually. but it is still something that most people will have to avoid, bt business can most of the time go out of hand especially during the hard times like what we are experiencing now. we would be lucky if we can even get about 50% of the value of our liquidated assets...

vivianchen - Very useful tips! Thanks for sharing!

- thanks for the nice tips..   

- It all goes to show that nothing is permanent in this world.  One day, our cars and homes will be turned over in favor of having a good night sleep.

xayuk - Nice tips!

chintan_155 - Thanx for sharing through this post.

de-er - nice tips... thank you for your articles.. that so helpful for me.

- Those are nice tips. Thanks!

- What after you have done all the above mentioned suggestions????

- There are two tips given to overcome bankruptcy.
1.Sell your stuff.
2.Increase Your income
 these two are very vital tips...There are also some points ......If you don't have anything you will become  complete bankrupt...
Next tip that I point out is "Reduce expenditure ......."
 This very important ,ie, if your expenditure is greater than your income,there is no gain......but loss

- good article...I believe...ur tips will work...

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