4. Consider debt management

The credit counseling session should help you decide whether debt management can help you with your financial situation. This involves working with a non-profit company that mostly negotiates lower interest rates with your creditors. The leverage is that the unsecured creditors could end up with nothing if you file bankruptcy. The benefit is that you lower what you owe and manage all your debt in a single payment to the debt management company. The negative is that your credit will be negatively impacted.

Brooklyn Bankruptcy Advice
Queens Bankruptcy Advice