Many people facing the daunting task of going through bankruptcy never take a serious look at a possible bankruptcy alternative. The reason for this is because most people become afraid, and this Credit0 fear becomes paralyzing. In order to overcome this fear and have a real look at a bankruptcy alternative one needs to step back take a deep breath and analyze the current Credit0 condition they are actually in. Sit down and calculate all the Credit7s verses assets that owned or owed. Be creative with this do not merely think of an object as an asset but friends and family and business relationships as well. If need be walk through the garage or attic and look at all the things that can be considered an asset or Credit7/ liability. By doing this many new ideas will surface consciously that can help when looking at the big picture.
The second thing that needs to be done in this process of finding a bankruptcy alternative is to take your findings from the first step and apply them. If one finds, that after all known assets and Credit7/liabilities have been found that all is needed to start getting ahead is to make arrangements with creditors to pay an extra $300 or $400 a month for say 18 months then this can be easily doable through the use of ones assets list. Move out of the house and in with a family member or friend and make arrangements to just pay half of whatever was being paid for rent/mortgage on the previous residence. Use this extra cash to help make the $300 or $400 payment. If the saved rent/mortgage money is not enough than go to people you have business relationships with and ask for some after hours work. Sure no one wants to use all their time working, but it is a viable bankruptcy alternative and one that works. Either way, whether declaring bankruptcy or finding an alternative, both will be difficult no matter what. One (bankruptcy), will just cause difficulties for a lot longer time period. Take the short term pain and possible hit to ones pride and find a bankruptcy alternative. Short term Credit0 pain is always preferred over long term.
Once a bankruptcy alternative plan is in place find someone or some way to hold you accountable to it. Some people have a mentor or friend check in on them once a week and talk to them about how their plan is going and ideas to make it quicker and easier as time goes by. Others use the internet and start blogs about their bankruptcy alternative and people come to their blog to read about their progress with their plan and leave helpful advice and encouragement. This can also be a great way to start a small business as well because many of the people that come to bankruptcy alternative blog will be new to the whole bankruptcy process and will seek advice or service which can be offered as one learns more about the process themselves. The possibilities of a bankruptcy alternative are endless, but if you are deep in Credit7 it is import to take action today.
Many people facing the daunting task of going through bankruptcy never take a serious look at a possible bankruptcy alternative. The reason for this is because most people become afraid, and this Credit0 fear becomes paralyzing. In order to overcome this fear and have a real look at a bankruptcy alternative one needs to step back take a deep breath and analyze the current Credit0 condition they are actually in. Sit down and calculate all the Credit7s verses assets that owned or owed. Be creative with this do not merely think of an object as an asset but friends and family and business relationships as well. If need be walk through the garage or attic and look at all the things that can be considered an asset or Credit7/ liability. By doing this many new ideas will surface consciously that can help when looking at the big picture.
The second thing that needs to be done in this process of finding a bankruptcy alternative is to take your findings from the first step and apply them. If one finds, that after all known assets and Credit7/liabilities have been found that all is needed to start getting ahead is to make arrangements with creditors to pay an extra $300 or $400 a month for say 18 months then this can be easily doable through the use of ones assets list. Move out of the house and in with a family member or friend and make arrangements to just pay half of whatever was being paid for rent/mortgage on the previous residence. Use this extra cash to help make the $300 or $400 payment. If the saved rent/mortgage money is not enough than go to people you have business relationships with and ask for some after hours work. Sure no one wants to use all their time working, but it is a viable bankruptcy alternative and one that works. Either way, whether declaring bankruptcy or finding an alternative, both will be difficult no matter what. One (bankruptcy), will just cause difficulties for a lot longer time period. Take the short term pain and possible hit to ones pride and find a bankruptcy alternative. Short term Credit0 pain is always preferred over long term.
Once a bankruptcy alternative plan is in place find someone or some way to hold you accountable to it. Some people have a mentor or friend check in on them once a week and talk to them about how their plan is going and ideas to make it quicker and easier as time goes by. Others use the internet and start blogs about their bankruptcy alternative and people come to their blog to read about their progress with their plan and leave helpful advice and encouragement. This can also be a great way to start a small business as well because many of the people that come to bankruptcy alternative blog will be new to the whole bankruptcy process and will seek advice or service which can be offered as one learns more about the process themselves. The possibilities of a bankruptcy alternative are endless, but if you are deep in Credit7 it is import to take action today.
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