Christmas is just around the corner, which means that many people will start to get frightening credit card statements in the mail. This can be disastrous for your finances, but there are options to get out of debt. You must keep an open mind so that you can make the decisions that are best for your case.

One of the things that you might have to consider is going on a monetary fast, which could free up money to pay the bills since you won’t be spending it on other items. This isn’t going to be an easy process, but it might prove to be very helpful.

If you are so deep in debt that you can’t see an end, you might need to consider filing for bankruptcy. This could help you to get a fresh financial start. If this is your chosen avenue, you will have to determine which type of bankruptcy you are going to file. You might file for a Chapter 7 bankruptcy if you meet the means test. This option requires that your assets are liquidated to pay off creditors, but you won’t have to make any payments to the bankruptcy trustee.

Another option that you can consider is Chapter 13 bankruptcy. This option requires that you make regular payments to pay off your creditors. You have to follow the payment plan that is approved by the court. Any balances on debts that remain after the final payment will be forgiven.

We realize that this is a big step for you. We are here to help you learn about each possible option so that you can make informed decisions.