low debt consolidation

You need to be aware that there are certain types of debt that cannot be discharged via any form or chapter of bankruptcy. Debts that fall into this category would include things like tax liens and federal student loans. If a large percentage of your debts fall into these categories, you need to realize that bankruptcy will not wipe those out and you will still have those debts when you finish filing.

If you are still able to make some of your monthly payments, but are struggling to make all of your payments, then you may want to consider bankruptcy advice on Chapter 13. With Chapter 13, you will need to work with your lawyer and the courts in order to come up with a repayment plan. Chapter 13 allows you to keep your assets. A repayment plan will be drawn up, in which you will continue to pay off your loans, but with little or no interest. As well, some creditors may accept a portion of the money you owe, as payment in full.