Before contemplating bankruptcy, it is likely that you have explored all your other options fully. In the process of your research, you might have come across credit counseling as one potential way out. The marketers at the credit counseling agency can do a wonderful job of convincing you that your problems are solved by consolidating your debts and sticking to a credit counseling plan, but this solution does not work for everyone.

The reality is that if you are already struggling to meet the monthly minimum requirements on your debts, or you have fallen months behind in making payments at all, credit counseling is unlikely to help you with this situation. You might be able to keep up with the payments in the short term, but any kind of financial setback can put your credit counseling in jeopardy.

If the frustration of being in debt is already getting to you, then  do not make the situation worse. Knowing when you are in over your head and need the fresh start of bankruptcy is critical for allowing you to put the past behind you and move on with your life. Bankruptcy can be the important first step in gaining control of your financial future.

There is a time and place for credit counseling, but if you find yourself consumed with anxiety and despair over being unable to catch up on your bills, bankruptcy may be the solution you need. Rather than getting overwhelmed and further frustrated by the situation, get help from an experienced New York bankruptcy attorney. You are not alone if you are struggling to make things work. Taking the time to educate yourself about bankruptcy could present you with a viable and powerful option to release yourself from the chains of debt and move confidently towards a better future. Call 718-514-6619 to set up an appointment with attorney Jayson Lutzky. Mr. Lutzky offers free in-person initial consultations. Visit to learn more about attorney Lutzky.