I Really Don’t Want to File for Bankruptcy. – Marsha

“Dear Steve,

I was out of work for three years, and during that time I defaulted on all my bill payments. I want to be debt free, but I dont know where to start, because I just can’t afford to pay all that money, even if they all set me up on a payment plan.

How can I approach this situation to become debt free. I really don’t want to file for bankruptcy. Help!!


Dear Marsha,

SONY DSCSo for some reason you don’t want to file for bankruptcy. Why exactly?

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

I’m worried that you’ve taken bankruptcy off the table but yet it does not look like you can make ends meet, reduce your debt, and build an emergency fund and save for retirement at the same time.

So what is more important to you, repairing your financial past or repairing your financial future?

We have to pick one to focus on.

If you want to focus on repairing your past that’s fine but realize it will leave you at a greater financial risk and rob you of retirement funds.

Please post your responses and follow-up messages to me on this in the comments section below.

But let’s look at the facts about bankruptcy.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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