There are thousands of people in the United States who have found themselves unable to pay their bills. As the days, weeks and months pass, instead of watching their debt decrease, they have watched it build until they finally decide that it’s time to address the issue. Chapter 13 bankruptcy is one way to get out of debt, but something as simple as creating a budget can help avoid bankruptcy, and should be considered. Creating a budget can help you avoid filing Chapter 13 bankruptcy by doing the following:
- Giving you a clearer picture of your monthly income.
- Giving you a clearer picture of your monthly expenses.
- Helping you create a realistic repayment plan.
- Helping you manage your money better.