Is there an alternative to bankruptcy?

Have you ever found yourself wondering where you're going to get the money to pay all your bills? Have you ever stared bankruptcy in the eye and quivered with fear as you seriously consider it, with all of it's ramifications?

This is something that is real for many people the whole world over, especially when you take into consideration the current issue of things like sub-prime lending. If you live in the USA or in Great Britain ate the moment you may well be feeling the pinch these problems are causing. Here in Australia we haven't been exempt from these problems either. While the sub-prime lending isn't a direct issue for us, we have been effected through the world wide money market flow on.

Scary times. Many people are worried. Many people are wondering what they are going to do. They don't want to lose their home, their family life is being put under major stress, and bankruptcy is looking like the only option every day.

If the above sounds familiar and you are one of those people considering bankruptcy - there may be another alternative. Consider a debt arrangement. A lot of people don't have the skills to successfully manage a large number of creditors all after their piece of the pie, so you need to employ the services of a professional company. There are many of them around.

So, what are the advantages of a debt arrangement (also referred to as a Part IX in Australia)? Well firstly, you have someone on your side who is there to support you. More importantly, you have someone there who understands your situation. A debt arrangement may just give you enough space in your finances to be able to afford to continue meeting your mortgage, your car payment or whatever other debt you might have, without having to lose your house, your car - or your family.

As I said earlier, there are many places around the world offering this sort of assistance, one site that I came across though that operates in the US is http://badcreditoffers.com/ They offer the assistance I have mentioned above, but equally as important, for those who may have gotten into some trouble but have now managed to get the finances under control, they also offer assistance in finding finance options to allow you to do things like buy a new car, purchase a house, or even get a credit card. It can be very frustrating to have gotten everything fixed, but because you are now seen as a high credit risk, you can't get any credit.

If anything I have mentioned in this post relates in any way to your situation, or that of a friend or family member for that matter, then you really need to look at this site. If you don't live in the US, and need something similar, then please, do a search engine search for terms like "debt recovery", "debt relief" or "credit repair" and you are sure to find someone local to assist you. If I have described you and your situation above, I wish you the best - if I've helped, please leave a message for others to read below.