These days, there are so many ads about ways to avoid bankruptcy, but you need to proceed carefully if you want to protect your financial reputation. This is because although there are some legitimate programs out there, some risky programs out there could only serve to make your situation worse. If you are not sure where to turn, consider whether these programs offer you enough of a benefit to make it worth trying prior to bankruptcy.

One of the most popular methods discussed today is credit consolidation or credit counseling. Both certainly have a place and time, but you should not rely on them as your sole answer if you are truly buried in debt.

Credit counseling could inform you about your options and help prepare you for a better financial future, but this might not necessarily be the stopgap you need to correct problems in the short term. That is where bankruptcy could be the step you must take to pave a path to success going forward.

Debt consolidation might help in the short term, but if you are already struggling to meet your minimum payments, you might be simply digging the hole a little deeper. This could also do damage to your mental state, as falling even further behind and getting more stressed out could only make the entire situation more frustrating. Instead, it may be in your best interests to discuss how filing for bankruptcy could provide you the immediate relief you need.

Bankruptcy gives you the potential of a fresh start so that you can get on top of your financial situation and out from under a mountain of debt. There is no shame in discussing your options with an experienced bankruptcy attorney- doing so can actually be the first step towards feeling the relief of ending your debt stress. Jayson Lutkzy is a Bronx bankruptcy attorney with over 32 years of legal experience. His office provides representation to those filing personal bankruptcies. Mr. Lutzky offers free in-person initial consultations. Call 718-514-6619 to set up your appointment. Visit to learn more about Mr. Lutzky.