If you are considering filing for bankruptcy, there are steps you can take to try to avoid bankruptcy. First, put together a budget that gives you a realistic chance of getting out from under debt. Second, consider whether moving, getting another job, or renegotiating your debt will put you in a better position to succeed. If, despite all your efforts, you see no way of improving your financial situation short of filing for bankruptcy, consult with an attorney. While bankruptcy can cancel many of a person’s debts, it does not cover most student loans, government debts, child support and maintenance, however, there are other exceptions. There is no “perfect” time to file for bankruptcy, but there is a good rule of thumb to keep in mind when you’re wondering if you should. If it is going to take more than five years for you to pay off your unsecured debts, it might be time to declare bankruptcy. For a free consultation, please call the Pruitt Law Offices S.C. at 262-633-8301 or contact us at pruittlawoffices.com. Our office is located at 731 Main Street in Racine. We are your partners for professional service.