Before filing for bankruptcy you should consider these remedies.

Negotiate With Your Creditors
Contact your creditors and explain that you are considering filing for bankruptcy. They may offer an alternative payment plan.

Review Your Budget
Assess your financial situation and create a budget. Include your monthly household income and all expenses. Determining ways to decrease spending i.e. eliminating premium channels from your cable service, or reducing entertainment expenditures may help you avoid bankruptcy.

Refinancing a Loan
Consider shopping for another car or mortgage loan with better repayment or interest terms.

Debt Consolidation Loan
Qualify for a debt consolidation loan that moves your debt into one loan with lower interest. Before consolidating consider payment over the life of the loan, rather than just the monthly payment.