Find a Way to Avoid Bankruptcy

Working your way out of a tough financial situation requires time, effort, and most of all, changes in behavior.

If you declare bankruptcy, there is nothing in that process that changes the habits that got you there in the first place.  However, learning to budget, creating extra income, and doing everything humanly possible to pay off those debts ensures that you create new behaviors that will carry you forward and allow you to NEVER return to that situation again.

Bankruptcy is a very emotional process equivalent to experiencing a divorce or the death of a loved one, and is truly a last resort financially.  It’s really necessary only a very small percentage of the time.  But if you are a believer and you do decide to go that route, remember to trust your creator, and remember that He is a loving and forgiving God.

He will see you through any situation no matter how bleak, giving you a hope and a future as long as you put your trust and belief in Him.

Recommended verses: Proverbs 21:12Proverbs 22:7Proverbs 27:23Psalms 20:4Proverbs 22:26-27

Article originally published on Celebrating Financial Freedom. Used with permission.

Dr. Jason Cabler is a Christian personal finance blogger, author, and speaker.  He teaches how to get out of debt and live a debt free lifestyle through his Celebrating Financial Freedom blog and self study course.  His new book How to Budget- The Quick and Easy Guide to Making a Budget That Works is now available.  He can be reached for interviews or  speaking engagements by email ( and can be found on Twitter, Facebook, and Google +.

Publication date: November 30, 2012